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 Electric Vehicle (EV) Stocks That Are Ready to Rebound
The electric vehicle (EV) sector was nearly as frothy as the “pandemic stocks” in 2020. It wasn’t that the EV sector was dormant during the Trump administration.
But, as the saying goes, elections have consequences. And Wall Street understands they can make money in any administration. And as a bet that Joe Biden would win the presidency, electric vehicle stocks soared.
For starters, the Biden administration has already said it will prioritize climate change like no administration ever has. And one way they are going to do that is to incentivize the production and purchase of electric vehicles.
And to take advantage of this shift towards electric vehicle stocks, many private companies raced to get in on the action. The preferred way for many of these companies to go public was via a Special Purpose Acquisition Company (SPAC). A SPAC is basically a shortcut to the traditional IPO process.
However, what goes up frequently goes down and since late February, EV stocks have been getting battered. But this is creating an opportunity because the electric vehicle is still supposed to see exceptional growth over the next five years.
To help you take advantage of this we’ve created this special presentation that includes seven stocks that appear to be ready to take the next leg up.
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