S & P500 and Dow Jones start the month on gains, growth stocks easing | latest news


The S&P 500 and Dow Jones indices closed higher on Monday amid a largely positive season for corporate earnings, while the Nasdaq index came under pressure from declines in some high-value growth stocks as the shift to cycle-related stocks continued and the economy reopened.

Shares in sensitive sectors of the economy, such as consumer goods, energy and raw materials, outperformed growth sectors such as technology and telecommunications services.

The Dow Jones Industrial Average ended the trading session on Wall Street, up 0.71% to 34,113.89 points, while the benchmark Standard & Poor’s 500 Index rose 0.27% to close at 4,192.66 points.

The Nasdaq Composite Index closed down 0.48% to 13895.12 points, affected by losses in the shares of major technology companies, including Amazon.com, Alphabet, Facebook and Microsoft.


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