The Nasdaq 100 fell the most among major benchmarks as growth-related tech stocks sank. Megacaps Apple Inc., Microsoft Corp. and Amazon.com Inc. fell more than 3%
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Stocks are opening modestly lower on Wall Street Monday, continuing a losing streak that has brought the market down for six weeks in a row. The S&P 500 was down 0.6 per cent in the early going, while more declines in technology companies pulled the Nasdaq down 1.1 per cent. The Dow Jones Industrial Average fell less, 0.3 per cent. Spirit Airlines rose 7 per cent after JetBlue would make a hostile offer for the budget carrier after Spirit rebuffed its earlier bids. Overseas markets were mixed, as were crude oil prices. The yield on the 10-year Treasury note, which helps set mortgage rates, fell to 2.90 per cent. Wall Street pointed toward modest declines when markets open Monday as investors continue to weigh surging energy costs and prospects for interest rate hikes in the US. Dow futures fell 0.1 per cent and the same for the S&P 500 lost 0.3 per cent. Global shares were mixed and oil prices fell. Last week, US benchmarks logged their sixth straight weekly drop, the longest .
Growth stocks such as Apple Inc, Google-owner Alphabet Inc, Amazon.com and Nvidia Corp gained between 2.2% and 6.5% after falling for most of the week.
Megacap stocks Meta Platforms, Microsoft Corp , Google-owner Alphabet Inc, Apple Inc , Amazon.com and Tesla Inc slipped between 2% and 5.9%; Beyond Meat down in volatile trading
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The Dow Jones Industrial Average was down 375.98 points, or 1.14%, at 32,621.99
The Dow Jones Industrial Average fell 1,033.07 points, or 3.03%, to 33,027.99
Amazon.com slid 3.2%, adding to a 14% drop on Friday after a gloomy quarterly report
The slump in output reflected a wider trade deficit and moderate pace of inventory accumulation
US Treasury yields dipped after hitting three-year highs on Wednesday as buyers emerged. Benchmark 10-year yields were last at 2.8455%, after reaching 2.981% overnight, the highest since Dec. 2018
The Dow Jones Industrial Average ended higher for the second straight day, the S&P 500 was flat, and the Nasdaq Composite fell sharply after Netflix reported it had lost subscribers for the first time
A significant cut to global growth expectations from the World Bank, paired with March weakness in China's latest economic numbers injected some pessimism into US markets
The Dow Jones Industrial Average was up 243.93 points, or 0.71%, at 34,552.01, the S&P 500 was up 48.24 points
The Dow Jones Industrial Average was down 217.37 points, or 0.63%, at 34,279.14
High-growth stocks, whose valuations stand to be pressured by higher bond yields, bore the brunt as the benchmark 10-year yield hit a three-year high
The materials index, which includes miners and chemical companies, dipped 0.4%; the spread between US 2-year and 10-year Treasury yields moved another step closer to inversion
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