US STOCKS-Dow, S&P slip as energy, financials weigh; tech boosts Nasdaq [Reuters]
Meta Platforms, Inc. - Class A (FB)
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Source: Reuters
Dow, S&P; slip as energy, financials weigh; tech boosts Nasdaq | Reuters 4 Min Read (Reuters) - The S&P; 500 and Dow Jones Industrial Average dropped in volatile trading on Monday as a boost from news in China and Italy faded and losses in energy and financial stocks weighed, but gains in technology stocks helped limit losses and lifted the Nasdaq. The Dow swung between gains and losses of more than 100 points, highlighting the choppiness in U.S. equities as they struggle to recover from a recent selloff even as the earnings season gathers steam. The market opened higher, boosted by a surge in China stocks and positive sentiment across Europe on Moody’s decision to keep Italy’s sovereign rating outlook stable. But the gains petered out after the open, with analysts saying that news from neither China nor Italy was enough for the Wall Street to hold its levels. What was helping the market was a 1.09 percent jump in beaten-down technology stocks. The sector has lost about 6 percent so f
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