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<US>S&P500 Arrests 9-day Winning Streak; Nasdaq Ends Down 133Pts Underperforming Mkt
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The U.S. Institute for Supply Management (ISM) reported stronger-than-expected service sector activity in April. At the same time, the market kept close tab on the Federal Reserve's two-day interest rate meeting starting on Tuesday. U.S. stocks closed lower on Monday, with the Nasdaq closing at 17,844, down 133 points, or 0.7%, the worst performance among the three major stock indexes. The DJIA settled down 98 points, or 0.2%, at 41,218. The S&P 500 ended down 36 points, or 0.6%, at 5,650, snapping a nine-day winning streak. Apple (AAPL.US) will appeal the App Store's violation of the competition ban, and the stock sagged more than 3%. Tesla (TSLA.US) shed more than 2%. Nvidia (NVDA.US) lost 0.6%. U.S. President Donald Trump announced a 100% tariff on films shot outside the U.S.. Share prices of streaming media platforms drooped, with Netflix (NFLX.US) and Warner Bros. Discovery Channel (WBD.US) diving 2% each, and Walt Disney (DIS.US) dipping 0.4%. AAStocks Financial News |
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