© Reuters. Traders at the New York Stock Exchange – file photo from Reuters archive.
NEW YORK (Reuters) – The Standard & Poor’s 500 Index ended the Wall Street trading session slightly lower on Monday, as investors awaited news about a global minimum corporate tax, persistent inflation fears and a lack of market movers.
Dow Jones joined Standard & Poor’s in closing lower, while the Nasdaq ended the session higher. However, Standard & Poor’s is staying one percentage point away from their record closing highs.
The Group of Seven of the world’s advanced economies (SE:) agreed on Saturday to support a global minimum corporate tax of at least 15 percent, a move the US Treasury Secretary called an “unprecedented significant undertaking” to end a race to the bottom among tax systems around the world. .
The Dow Jones Industrial Average closed down 127.01 points, or 0.37 percent, to 34629.38 points, while the benchmark Standard & Poor’s 500 index fell 3.37 points, or 0.08 percent, to end the session at 4226.52 points.
The Nasdaq Composite Index closed up 67.23 points, or 0.49 percent, to 1,3881.72 points.
(Prepared by Wagdy Al-Alfi for the Arabic Bulletin)
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