Wednesday, March 3, 2021 12:06 a.m.
Mubasher: US stock indices fell at the close of trading today, due to the losses of the technology sector, after strong gains yesterday.
The technology sector declined by about 1 percent, with Apple’s share dropping more than 2 percent.
Investors are awaiting the developments of the $ 1.9 trillion stimulus bill that will be discussed in the US Senate later this week.
Wall Street achieved strong gains in Monday’s session, as Standard & Poor’s recorded the best daily performance Since June, fears of an acceleration in inflation have subsided, which pushed US bond yields to a year high in the past week.
At the end of trading, the Dow Jones Industrial Average fell 0.5 percent to 31,391.5 points.
The “Standard & Poor’s” also fell by 0.8 percent to the level of 3870.2 points, and the “Nasdaq” fell by about 1.7 percent to score 13,358.7 points.