U.S. Stocks Move Moderately Lower Amid Lingering Inflation Worries
WASHINGTON (dpa-AFX) - Following the rebound seen to close out the previous week, stocks have moved back to the downside in morning trading on Monday. The major averages have all slid into negative territory, although selling pressure has remained somewhat subdued.
Currently, the major averages are off their lows of the session but stuck in the red. The Dow is down 133.28 points or 0.4 percent at 34,248.85, the Nasdaq is down 73.53 points or 0.6 percent at 13,356.45 and the S&P 500 is down 16.71 points or 0.4 percent at 4,157.14.
Lingering concerns about inflation and the outlook for monetary policy are weighing on Wall Street ahead of the release of the minutes of the Federal Reserve s latest monetary policy meeting on Wednesday.
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Taiwan shares end up but come off high
05/14/2021 05:21 PM
CNA file photo
Taipei, May 14 (CNA) Shares in Taiwan staged a technical rebound to close 1 percent higher Friday after heavy losses over the past three trading sessions, with investors picking up bargains, in particular in the bellwether electronics sector in the wake of a rally on U.S. markets overnight, dealers said.
However, gains were capped ahead of stiff technical resistance at around 16,000 points, with the market concerned by rising domestically transmitted COVID-19 cases as well as possible volatility among U.S. tech stocks on their high valuations, they said.
The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended up 156.99 points, or 1 percent, at 15,827.09, after moving between 15,702.10 and 16,075.48. Turnover totaled NT$510.51 billion (US$18.25 billion).