Worries About New Virus Strain Contributing To Sell-Off On Wall Street
WASHINGTON (dpa-AFX) - Extending the pullback off record highs seen last Friday, stocks have moved sharply lower in morning trading on Monday. The major averages have all shown significant moves to the downside on the day.
Currently, the major averages are posting steep losses, just off their lows of the session. The Dow is down 308.72 points or 1 percent at 29,870.33, the Nasdaq is down 191.08 points or 1.5 percent at 12,546.56 and the S&P 500 is down 62.26 points or 1.7 percent at 3,647.15.
Concerns about a new coronavirus strain in the U.K. have contributed to the sell-off on Wall Street, with the variant said to be 70 percent more infectious than the original strain.
U.S. Stocks Seeing Continued Weakness After Early Downturn
WASHINGTON (dpa-AFX) - Stocks are seeing continued weakness in mid-day trading on Friday after coming under pressure early in the session. The major averages remain in negative territory after reaching record intraday highs in early trading.
Currently, the major averages are off their lows of the session but still in the red. The Dow is down 178.95 points or 0.6 percent at 30,124.42, the Nasdaq is down 34.53 points or 0.3 percent at 12,730.21 and the S&P 500 is up 21.21 points or 0.6 percent at 3,701.27.
The pullback on Wall Street partly reflects profit taking, as traders cash in on recent gains after yesterday s climb to record closing highs.
U.S. Stocks Pull Back As Stimulus Negotiations Drag On
WASHINGTON (dpa-AFX) - Stocks staged a recovery attempt late in the trading session on Friday but still ended the day lower following the advance seen in the previous session. The major averages finished the day in the red after reaching record intraday highs at the start of trading.
The major averages all closed lower, although the tech-heavy Nasdaq posted only a modest loss, edging down 9.11 points or 0.8 percent to 12,755.64. The Dow slid 124.32 points or 0.4 percent to 30,179.05 and the S&P 500 fell 13.07 points or 0.4 percent to 3,709.41.
Despite the drop on the day, the major averages all moved higher for the week. The Nasdaq soared by 3.1 percent, the S&P 500 jumped by 1.3 percent and the Dow rose by 0.4 percent.
Profit Taking Contributing To Modest Pullback On Wall Street
WASHINGTON (dpa-AFX) - After an initial move to the downside, stocks have moved modestly lower over the course of morning trading on Friday. The major averages pulled back into negative territory after reaching new record intraday highs at the start of trading.
In recent trading, the Dow and the S&P 500 have fallen to new lows for the session. The Dow is down 152.52 points or 0.5 percent at 30,150.85, the Nasdaq is down 25.12 points or 0.2 percent at 12,739.62 and the S&P 500 is down 18.78 points or 0.5 percent at 3,703.70.
The modest pullback on Wall Street may be partly due to profit taking after yesterday s climb to record closing highs.
Major Averages Firmly In Positive Territory In Mid-Day Trading
WASHINGTON (dpa-AFX) - Stocks have fluctuated over the course of the trading day on Tuesday but have maintained a positive bias throughout the session. The major averages are all firmly in positive territory in mid-day trading after closing mixed for three consecutive sessions.
In recent trading, the Dow and the S&P 500 have climbed back toward their best levels of the day. The Dow is up 201.89 points or 0.7 percent at 30,063.44, the Nasdaq is up 71.54 points or 0.6 percent at 12,511.58 and the S&P 500 is up 25.80 points or 0.7 percent at 3,673.29.
Unrelenting optimism about a new fiscal stimulus bill has contributed to the strength on Wall Street even as lawmakers have struggled for months to reach a compromise on a new relief package.