Stocks closed mostly lower on Wall Street Monday, dragged down by losses in several Big Tech companies, including Apple.
The S&P 500 gave up 0.8%, its fifth straight decline. Traders are still keeping a close eye on Washington and the next big round of stimulus that’s making its way through Congress.
The S&P 500 fell 30.21 points, or 0.8%, to 3,876.50.
The Dow Jones Industrial Average rose 27.37 points, or 0.1%, to 31,521.69.
The Nasdaq fell 341.41 points, or 2.5%, to 13,533.05.
The Russell 2000 index of smaller companies fell 15.62 points, or 0.7%, to 2,251.07.
For the year:
The S&P 500 is up 120.43 points, or 3.2%.
The Dow is up 915.21 points, or 3%.
The Nasdaq is up 644.77 points, or 5%.
The Russell 2000 is up 276.22 points, or 14%.
7 Transportation Stocks You Can’t Ignore
There is a situation developing in the U.S. that will drive revenue and profits for the transportation industry for many years to come. It started to develop with the pandemic, began to grow when the recession was less than expected, and was later compounded by an economic rebound that is much stronger than expected.
When the pandemic struck and lock-downs took effect manufacturers shuttered their plants and supply chains dried up. When Congress sent out the stimulus checks it sparked a round of consumer spending that has wiped products off of shelves. Now, with inventories across industries reportedly down high-single to low-double digits from the previous year, there is a need for 1) manufacturing to meet demand and rebuild inventory and 2) transportation/shipping that is growing by the day.
We have compiled a list of 7 transportation stocks that can't be ignored,
View the "7 Transportation Stocks You Can’t Ignore".