Utilities and other companies that are considered less risky, such as household goods makers, held up better than the rest of the market. government tightened export controls to limit China's ability to get advanced computing chips, develop and maintain supercomputers, and make advanced semiconductors. Makers of semiconductors and chip manufacturing equipment also suffered heavy selling after the U.S. Technology stocks were the biggest weights on the market. Major indexes are coming off a volatile week where they notched out gains because of an early two-day rally that shielded stocks from several weak days.
The Dow Jones Industrial Average fell 221 points, or 0.8%, to 29,075 and the Nasdaq fell 1.6%.
Stocks fell in afternoon trading on Wall Street Monday ahead of the latest round of corporate earnings reports and a busy week of inflation updates.
0 kommentar(er)
