Wall Street held a choppy trading session on Monday as investors were focused on the partial economic reopening in the United States as well as more tensions between China and the U.S. heightening in response to the coronavirus pandemic. Despite the rocky economic footing posed by the pandemic, gains from big tech--Facebook
Here's how the market closed on Monday:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
In Major Stock News, U.S. Airlines--American
In Stock Sector News, most sectors posted positive performance on Monday despite early session declines. The sectors that gained in Monday's market include Energy +3.71%, Information Technology +1.42%, Utilities +0.75%, Consumer Discretionary +0.69%, Materials +0.40%, Communication Services +0.32%, Health Care +0.07% and Consumer Staples +0.01%. The rest that dipped in performance were Industrials -1.33%, Financials -0.92% and Real Estate -0.01%.
In Commodity and Currency News, crude oil prices rose as June contracts increases on economic reopening hopes. West Texas Intermediate
As the market moves into Tuesday trading, participants will focus on more coronavirus headlines as well as U.S. economic data releases like U.S. trade deficit, IHS Markit's services PMI and ISM non-manufacturing PMI.