Markets Cool, FedEx & Rivian Post Quarterly Numbers
Zacks Investment Research | Dec 16, 2021 06:17AM ET
For the second time this week, hopeful pre-market activity riding indexes into the green giving way to selling-off at varying points in the regular trading session. The Dow, which had kept some of its gains almost all the way through, dipped in the final minutes, finishing at -0.09% on the day. It had been +262 points at its high, and ended -31. The S&P 500 dropped -0.88%, or 41 points. This had been the index closest to posting fresh all-time highs, but is now about -1% off. The Nasdaq was the biggest loser today, -385 points or -2.47% — its worst single trading day since September. The tech-heavy index is now more than 6% off its all-time highs set just a matter of weeks ago. The small-cap Russell 2000 came in -1.95% on the day. For both the Nasdaq and Russell, as well as the S&P, indexes have closed down in three out of the past four sessions. Tech stocks dipped another -3% Thursday, which accounts for the Nasdaq’s outsized losses today. But semiconductors have largely been resilient here, which means software companies are likely taking the brunt of losses for now. Even Microsoft Questions or comments about this article and/or its author? Click here>>
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