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Stocks fall for second day on inflation worries - Article
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U S tech stocks rise with reopenings in focus - Article
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Asia Stocks Steady on Virus Cases; Dollar Edges Up: Markets Wrap
May 17 2021, 8:15 AM
May 17 2021, 3:04 AM
May 17 2021, 8:15 AM
(Bloomberg) Stocks in Asia fluctuated Monday with U.S. futures as spikes in virus cases in parts the region and lingering inflation concerns weighed on investor sentiment.
(Bloomberg) Stocks in Asia fluctuated Monday with U.S. futures as spikes in virus cases in parts the region and lingering inflation concerns weighed on investor sentiment.
Shares had modest gains in Australia and Hong Kong but slipped in Japan and South Korea as markets responded to the latest curbs on activity to halt the spread of Covid-19. U.S. stocks ended in the green Friday after gathering price pressures pushed equity markets globally to their worst weekly loss since February.
Andreea Papuc and Vildana Hajric, Bloomberg News
BNN Bloomberg s mid-morning market update: May 17, 2021 VIDEO SIGN OUT
U.S. equities snapped a two-day rally as investors weighed risks to the outlook including inflation and a spike in COVID-19 cases in parts of the world.
Technology, industrials and financials led the benchmark S&P 500 lower. Apple, Microsoft and Tesla weighed on the Nasdaq 100. Discovery Inc. shares jumped on a deal with AT&T Inc. to merge media assets. Coinbase Global Inc. fell as much as 7.8 per cent to US$238.25, a record low and below the reference price used in its April direct listing. The Stoxx Europe 600 Index was in the green and stocks in Asia were mixed.
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