Major US stock indexes ended trading mostly in the red, which was caused by the fall of technology companies and a muted appetite for stocks after a surge in yields on Treasury bonds last week amid strong economic data.
Recall that the yield on 10-year US government bonds soared to seven-year highs, as strong labor market data heightened concerns that the Fed may begin raising its interest rates at a faster rate than expected.
Oil prices fell moderately, the reason for which was the expectation that part of Iranian oil exports would continue to flow to the market after the introduction of US sanctions, easing the load on supplies. Two companies in India, a major buyer of Iranian oil, ordered barrels in November, the Indian oil minister said.
Most of the components of DOW finished trading in positive territory (18 out of 30). The growth leader was Walgreens Boots Alliance, Inc. (WBA, + 2.26%). Outsider were shares of Visa Inc. (V, -2.39%).
Most sectors of the S & P recorded an increase. The utility sector grew the most (+ 1.1%), while the technological sector showed the largest decline (-1.1%)
At the time of closing:
Dow 26,486.78 +39.73 +0.15%
S & P 500 2,884.43 -1.14 -0.04%
Nasdaq 100 7,735.95 -52.50 -0.67%