US close: Stocks weaker on first session of the week

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Sharecast News | 18 May, 2021

Wall Street stocks closed weaker on Monday, following the worst week for major US indices since February.

At the close, the Dow Jones Industrial Average was down 0.16% at 34,327.79, as the S&P 500 lost 0.25% to 4,163.29, and the Nasdaq Composite was 0.38% weaker at 13,379.05.

The Dow closed 54.34 points lower on Friday, cutting into gains recorded in the final session of an otherwise lacklustre week for stocks.

On the macro front, manufacturing sector activity in the jurisdiction of the Federal Reserve Bank of New York slipped a bit last month, with the so-called 'Empire State' index dipping from a reading of 26.3 for April to 24.3 in May.

Economists had pencilled-in a reading of 23.9.

Elsewhere, the National Association of Home Builders' housing market index came in at a print of 83 in May, unchanged from April's reading, supported by low inventories and strong demand despite rising prices and limited availability of certain building materials.

In equity markets, AT&T was down 2.7% and Discovery lost 5.05%, even after news of a potential merger of the former's WarnerMedia unit - which includes HBO - with the latter emerged.

The new company was set to trade as its own public entity.

Major tech stocks, which took a beating last week, were down again on Monday, with Apple down 0.93%, Facebook off 0.15%, and Netflix losing 0.9%.

Google owner Alphabet, meanwhile, reversed earlier losses to close 0.23% firmer.

Dow Jones - Risers

Merck & Co. Inc. (MRK) $79.87 2.02%
Dow Chemical Co. (DOW) $71.00 1.55%
Chevron Corp. (CVX) $110.81 1.22%
Walgreens Boots Alliance, Inc. (WBA) $55.30 1.08%
Caterpillar Inc. (CAT) $244.79 1.06%
JP Morgan Chase & Co. (JPM) $164.67 0.40%
Amgen Inc. (AMGN) $252.38 0.40%
3M Co. (MMM) $205.11 0.36%
Nike Inc. (NKE) $136.41 0.35%
International Business Machines Corporation (CDI) (IBM) $145.11 0.30%

Dow Jones - Fallers

Walt Disney Co. (DIS) $170.08 -2.08%
Verizon Communications Inc. (VZ) $57.94 -1.28%
Microsoft Corp. (MSFT) $245.18 -1.20%
Salesforce.Com Inc. (CRM) $215.06 -1.19%
Home Depot Inc. (HD) $320.01 -1.12%
Apple Inc. (AAPL) $126.27 -0.93%
Walmart Inc. (WMT) $138.89 -0.45%
Unitedhealth Group Inc. (UNH) $408.63 -0.29%
Visa Inc. (V) $226.44 -0.22%
Boeing Co. (BA) $227.98 -0.21%

S&P 500 - Risers

Harley-Davidson Inc. (HOG) $51.94 8.95%
Seagate Technology Plc (STX) $104.23 6.39%
Western Digital Corp. (WDC) $76.42 6.33%
Macy's Inc. (M) $19.16 5.97%
Nordstrom Inc. (JWN) $43.11 5.27%
Occidental Petroleum Corp. (OXY) $26.39 5.14%
Baker Hughes Company Class A (BKR) $26.31 4.82%
Helmerich & Payne Inc. (HP) $30.71 4.63%
Newmont Corporation (NEM) $74.00 4.59%
Freeport-McMoRan Inc (FCX) $44.18 4.47%

S&P 500 - Fallers

Comcast Corp. (CMCSA) $55.46 -5.50%
Discovery Inc. Class A (DISCA) $33.85 -5.05%
Nektar Therapeutics (NKTR) $18.19 -4.16%
Kansas City Southern (KSU) $297.04 -3.87%
Albemarle Corp. (ALB) $157.79 -3.67%
Charter Communications Inc. (CHTR) $686.44 -3.32%
TripAdvisor Inc. (TRIP) $41.00 -2.77%
AT&T Inc. (T) $31.37 -2.70%
KLA-Tencor Corp. (KLAC) $297.72 -2.63%
Laboratory Corporation of America Holdings (LH) $267.33 -2.61%

Nasdaq 100 - Risers

Seagate Technology Plc (STX) $104.23 6.39%
Western Digital Corp. (WDC) $76.42 6.33%
American Airlines Group (AAL) $23.35 4.24%
Trip.com Group Limited (TCOM) $38.92 3.76%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $329.81 1.71%
DENTSPLY Sirona Inc. (XRAY) $68.95 1.65%
Baidu Inc. (BIDU) $189.20 1.61%
Amazon.Com Inc. (AMZN) $3,270.39 1.47%
Regeneron Pharmaceuticals Inc. (REGN) $523.73 1.38%
eBay Inc. (EBAY) $61.69 1.36%

Nasdaq 100 - Fallers

Comcast Corp. (CMCSA) $55.46 -5.50%
Charter Communications Inc. (CHTR) $686.44 -3.32%
Qurate Retail Inc. (QRTEA) $12.81 -2.95%
KLA-Tencor Corp. (KLAC) $297.72 -2.63%
Booking Holdings Inc. (BKNG) $2,221.34 -2.60%
Marriott International - Class A (MAR) $139.86 -2.39%
Tesla Inc (TSLA) $576.83 -2.19%
Cadence Design Systems Inc. (CDNS) $121.83 -1.97%
Intuitive Surgical Inc. (ISRG) $816.94 -1.96%
Asml Holdings N.V. (ASML) $635.35 -1.92%

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