A bumpy day on Wall Street ends with stock indexes mixed | Business News
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A woman walks past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Monday, Jan. 25, 2021. Asian shares rose Monday amid some hope for recovering economies slammed by the pandemic, as market attention turned to upcoming company earnings.
A man walks past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Monday, Jan. 25, 2021. Asian shares rose Monday amid some hope for recovering economies slammed by the pandemic, as market attention turned to upcoming company earnings.
People walk past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Monday, Jan. 25, 2021. Asian shares rose Monday amid some hope for recovering economies slammed by the pandemic, as market attention turned to upcoming company earnings.
FILE – In this Nov. 5, 2020 file photo, a sign for Wall Street is carved in the side of a building, in New York. Technology stocks were off to a good start on Wall Street, but other parts of the markets weren’t as strong, leaving major indexes mixed in the early going. The S&P 500 was up 0.3% in the first few minutes of trading Monday, Jan. 25, 2021, and the tech-heavy Nasdaq climbed 1.4%.
NEW YORK (AP) — Wall Street ended a choppy day with mixed results Monday as the market struggled to find direction. Apple and other Big Tech stocks lurched higher, then lower, then back up again. Several of them report their latest quarterly results this week. The S&P 500 climbed 0.4%, even though slightly more stocks fell than rose within the index. The Dow ended lower, while the tech-heavy Nasdaq rose. Traders are keeping a wary eye on rising coronavirus infections in various countries and a bumpy rollout of vaccinations in the U.S. The stock of GameStop, a money-losing video game retailer, went on another wild ride.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
NEW YORK (AP) — Stocks wobbled in afternoon trading on Monday, as investors looked ahead to this week’s deluge of company earnings and remained concerned about the economic damage likely to result from a rise in coronavirus cases in some countries.
The S&P 500 was up 0.2% as of 2:43 p.m. Eastern after shifting between small gains and losses earlier in the day. The Nasdaq composite rose 0.5% and the Dow Jones Industrial Average was down 105 points, or 0.3%, at 30,891, mostly due to financial companies like Goldman Sachs and American Express.
The yield on the 10-year Treasury fell to 1.03% from 1.07% late Friday.
Several big companies will report their results this week, including technology titan Apple. The iPhone maker will report its results on Wednesday after the closing bell. Others reporting this week include American Express, Johnson & Johnson, 3M and AT&T.
