Stocks drifted lower as Wall Street’s pullback from its recent rally carried into a second week. The S&P 500 fell 1 9.51 points, or 0.4%, to 4,328.82 Monday. The index.
Stocks drifted lower as Wall Street’s pullback from its recent rally carried into a second week. The S&P 500 fell 1 9.51 points, or 0.4%, to 4,328.82 Monday. The index remains close to its highest level in a year. Tech stocks were the heaviest weights on the market and helped drag the Nasdaq to a loss of 1.2%. The index fell 156.74 points, or to 13,335.78. The Dow Jones Industrial Average fell 12.72 points, or less than 0.1%, to 33,714.71. This week does not have many economic or earnings reports that could help answer the main question facing markets: Will the economy be able to avoid a painful recession after global central banks hiked interest rates at a blistering pace fight inflation?
Electric vehicle maker Lucid Group jumped 1.
