Wednesday 26, May 2021: US equity markets logged modest falls
May 25, 2021 ·
6m 19s
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Description
US equity markets logged modest falls, erasing earlier gains in a session absent any major catalysts - Dow fell -82-points or -0.24%, unwinding an earlier gain of over >100-points and...
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US equity markets logged modest falls, erasing earlier gains in a session absent any major catalysts - Dow fell -82-points or -0.24%, unwinding an earlier gain of over >100-points and snapping a three-session winning streak. The broader S&P500 lost -0.21% , with Energy (down -2.04%) leading six of the eleven primary sectors lower. United Airlines Holdings Inc rose +1.5% after the carrier said yields on domestic leisure tickets purchased this month topped 2019 levels amid the re-opening.The Nasdaq dipped -0.03%. Amazon.com Inc added +0.43% despite Washington, D.C., Attorney General Karl Racine said he’s suing the e-commerce giant on antitrust grounds. He alleged Amazon’s practices have unfairly raised prices for consumers and suppressed innovation. The small capitalisation Russell 2000 lost -0.97%. Moderna Inc rose +3.10% after the company said a new study showed its COVID-19 vaccine was effective in children aged 12 to 17, a finding that could clear the way for a second-shot for use in adolescents.
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Information
Author | Morgans Financial Limited |
Organization | Morgans Financial Limited |
Website | - |
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