Stocks ended a choppy day with mixed results Monday as the market struggled to find direction. Apple and other Big Tech stocks lurched higher, then lower, then back up again. Several of them report their latest quarterly results this week.
The S&P 500 climbed 0.4%, even though slightly more stocks fell than rose within the index. Traders are keeping a wary eye on rising coronavirus infections in various countries and a bumpy rollout of vaccinations in the U.S.
The S&P 500 rose 13.89 points, or 0.4%, to 3,855.36.
The Dow Jones Industrial Average fell 36.98 points, or 0.1%, to 30,960.
The Nasdaq rose 92.93 points, or 0.7%, to 13,635.99.
The Russell 2000 index of smaller companies fell 5.49 points, or 0.3%, to 2,163.27.
For the year:
The S&P 500 is up 99.29 points, or 2.6%.
The Dow is up 353.52 ponts, or 1.2%.
The Nasdaq is up 747.71 points, or 5.8%.
The Russell 2000 is up 188.42 points, or 9.5%.
7 Clean Energy Stocks With A Bright Future
The debate over renewable energy (i.e., clean energy) versus nonrenewable energy derived from fossil fuels was always going to come down to dollars and cents. Since 2016, things haven’t been easy for renewable energy companies. As the United States pushed towards energy independence, the Trump administration imposed tariffs on the industrial segments. The sector was subject to less favorable policies by electricity regulators. Plus, competing energy sources like coal received more help.
But a funny thing happened over the past four years. Renewable energy companies continued to grow. This is continuing a pattern that renewable sources of energy are becoming cost-competitive for businesses. And that is increasing demand.
One of the best parts of this sector for investors is that there are many ways to play the sector. In addition to solar and wind, hydrogen stocks are becoming an intriguing way to invest in renewable energy.
So rather than looking at this election as a choice between bad and good, investors should really be viewing it as a case of “good or better.” Because no matter who wins the election, clean energy stocks will continue to grow.
View the "7 Clean Energy Stocks With A Bright Future".