• Home
  • Business News
  • Weekly Reviews
  • Market Reports
Saturday, May 31, 2025
  • Login
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
No Result
View All Result
Home Global Markets

Wall Street Declines, S&P 500 Drops on Coronavirus Concerns

Trading Room Reporter by Trading Room Reporter
in Global Markets
Reading Time: 2 mins read
A A
0
Wall Street Dow Nasdaq
Share on FacebookShare on Twitter

Wall street’s benchmark, the S&P 500 Index, closed slightly lower on Monday after erasing early gains as worries about the Delta variant of the coronavirus and a slowing U.S. economy overshadowed optimism around more fiscal stimulus and a strong second-quarter earnings season.

RELATED POSTS

US Stock Market Sinks as Tariff Tensions Overshadow Economic Data

Asian Markets Gain as Yuan Falls to Lowest in 17 Years

US Stock Markets Soar Amid Trump’s Tariff Pause Announcement

Federal Reserve Governor Christopher Waller said on CNBC late in the session that the Fed could start to reduce its support for the economy by October if the next two monthly jobs report each show employment rising by 800,000 to 1 million, as he expects.

He also suggested the Fed could announce in September it would start to reduce its monthly bond purchases, which could lift yields again – not the best news for the stock market.

Data earlier in the day showed that although U.S. manufacturing grew in July, its pace slowed for a second straight month as spending rotated back to services from goods, and shortages of raw materials persisted.

The softer-than-expected data also sent U.S. bond yields to their lowest on wall street since July 20 and knocked the blue-chip Dow off an intra-day record high hit in early trading.

“An issue for wall street is the rise of the growth scare”, said Rob Haworth, senior investment strategist at U.S. Bank, “Whether it’s more restrictions in China with infections rising in 14 provinces now, or questions about how far is the U.S. going to have to go with mask mandates.”

Only four of the 11 S&P sectors traded higher by market close, among them utilities and real estate, generally considered safe bets at a time of uncertainty.The Dow Jones Industrial Average fell 97.31 points, or 0.28%, to 34,838.16, the S&P 500 lost 8.1 points, or 0.18%, to 4,387.16 and the Nasdaq Composite added 8.39 points, or 0.06%, to 14,681.07.Square Inc, the payments firm of Twitter Inc co-founder Jack Dorsey, jumped after it said it would purchase Australian buy now, pay later pioneer Afterpay Ltd for $29 billion.

Buy JNews
ADVERTISEMENT
Wall Street Index Overview

Unofficially, the Dow Jones Industrial Average fell 101.33 points, or 0.29%, to 34,834.14, the S&P 500 lost 8.12 points, or 0.18%, to 4,387.14 and the Nasdaq Composite added 6.05 points, or 0.04%, to 14,678.72.

With manufacturing activity data coming in weaker than expected, investor focus now turns to services sector data on Wednesday and the Labor Department’s monthly jobs report on Friday.

Square Inc, the payments firm of Twitter Inc co-founder Jack Dorsey, jumped after it said it would purchase Australian buy now, pay later pioneer Afterpay Ltd for $29 billion.

After mixed quarterly reports on wall street from technology behemoths last week, all eyes this week are on earnings from companies including Eli Lilly and Co, CVS Health Corp and General Motors Co.

Volume on U.S. exchanges was 8.80 billion shares, compared with the 9.77 billion average for the full session over the last 20 trading days.

Declining issues outnumbered advancing ones on the NYSE by a 1.07-to-1 ratio; on Nasdaq, a 1.05-to-1 ratio favoured advancers.

The S&P 500 on wall street posted 76 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 98 new highs and 67 new lows.

Post Views: 1,094
Tags: Dow Jones Industrial AverageNASDAQNew York Stock ExchangeS&P 500 IndexspotlightU.S. Stock markets
Previous Post

Market Report; 02 August, 2021

Next Post

Oil Slips, Brent & WTI Down 0.1% Amidst Growing Concerns over Delta Variant

Trading Room Reporter

Trading Room Reporter

Related Posts

US Stocks market Wallstreet data
Global Markets

US Stock Market Sinks as Tariff Tensions Overshadow Economic Data

by Felix Ochieng
Global Markets Asian markets
Asian Stock Markets

Asian Markets Gain as Yuan Falls to Lowest in 17 Years

by Githere Eddie
Donald Trump US Stock Markets Tarrifs
Global Markets

US Stock Markets Soar Amid Trump’s Tariff Pause Announcement

by Trading Room Reporter
US Stock Markets
Global Markets

US Stock Markets Tumble as Tariff Deadline Looms

by Rennie Odek
Next Post
Oil ship tanker

Oil Slips, Brent & WTI Down 0.1% Amidst Growing Concerns over Delta Variant

African Securities Exchanges

African Securities Exchanges Procure Software to engage in Cross-Border Trading

Asian Markets Shenzhen

Asian Markets Mixed as China Regulator Eyes the Online Gaming Markets

Advertisement Banner Advertisement Banner Advertisement Banner
ADVERTISEMENT

Most Viewed Posts

  • Tea Farmers Set to Receive Kes 28 Billion as Final Bonus Payment (4,110)
  • 4 Things You Can Do With the Cashlet App to Achieve Your Financial Goals (2,202)
  • Hilda Njeru Takes over at CDSC (2,070)
  • Safaricom Finally Launches eSIM: Here’s What You Need to Know (1,924)
  • KenGen Gets Nod to Sell 4 Million Tonnes of Carbon Credits (1,809)

Follow Twitter

About Us

Follow Us

Popular Tag

Africa Asian - Pacific Stocks Asian Stock Markets Australian Stocks Bitcoin Bonds Kenya Bonds Trading in Kenya Brent Brent Crude Capital Markets Authority Central Bank of Kenya Corona Virus Pandemic Crude Oil Cryptocurrencies Derivatives NSE Derivatives Trading in Kenya Dow Jones Industrial Average Ethereum European Stock Markets Global Economy Global Markets Hang Seng Index Investing in Kenya Investor Briefing Jakarta Stock Exchange Kenya Economy Kospi index MSCI Index Nairobi Securities Exchange NASDAQ New York Stock Exchange Nikkei N225 NSE Oil Futures S&P 500 Index Safaricom Plc Shanghai Composite Shenzhen component spotlight Stock Market Report Stock Market Review U.S. Stock markets US oil Wall Street WTI Oil Index

Recent News

Equity Group

Equity Group Q1 Profit Falls 4pc to KES 15.4bn

Cynthia Kropac(R) Chief Enterprise Business Officer Safaricom PLC receives H.E. Minister of Communications and Technology in Somalia - Mohamed Adam to the Safaricom Business Booth. Looking on is H.E. Hon. William Kabogo, Cabinet Secretary, Ministry of Information Communication and Digital Economy in Kenya - during the ongoing Connected Africa Summit 2025 Launch.

Safaricom to Invest KES 500Mn in Bid to Bolster AI Infrastructure

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 The Trading Room Limited.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
TSLA 
$346.46  3.34%  
GME 
$29.80  0.78%  
MSFT 
$460.36  0.37%  
AAPL 
$200.85  0.45%  
AMC 
$3.56  4.09%  
ABNB 
$129.00  0.50%  
GOOGL 
$171.74  0.07%  
AMZN 
$205.01  0.34%  
No Result
View All Result
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports

© 2025 The Trading Room Limited.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?