Wall Street ended Monday's choppy session mostly in negative territory as some investors begin to fear the possibility of a second wave of COVID-19 in the United States and economic recovery not being as speedy as many had hoped. Tech stocks carried the boarder market and propelled the Nasdaq into its sixth straight session of gains. Yet, the Dow fell and the S&P 500 just barley ended trading in positive territory.
According to a Bank of America
Here's how the market settled on Monday:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
In Major Stock News, big tech led the market on Monday with Facebook
In Stock Sector News, most sectors ended Monday's session in negative territory. The few that posted positive performance gains were Health Care +1.70%, Information Technology +0.70%, Communication Services +0.14% and Consumer Discretionary +0.10%. The rest that declined on Monday include Financials -1.94%, Energy -1.69%, Materials -1.52%, Industrials -1.25%, Real Estate -1.21%, Utilities -0.48% and Consumer Staples -0.19%.
In Commodity and Currency News, crude oil prices settled lower on Monday as West Texas Intermediate
For Tuesday, market participants will continue to focus more on coronavirus news over economic headlines.