Stocks closed lower on Wall Street, giving up an early gain and losing momentum after a solid start to the week.
Gains by several Big Tech companies helped limit the loss in the Nasdaq. Banks and energy companies fell the most. Investors are still worried that rising inflation could eventually prompt central banks to withdraw help for the economy. Homebuilders rose following a report that U.S. home prices jumped in March by the most in more than seven years.
On Tuesday:
The S&P 500 fell 8.92 points, or 0.2%, to 4,188.13.
The Dow Jones Industrial Average fell 81.52 points, or 0.2%, to 34,312.46.
The Nasdaq fell 4 points, or less than 0.1%, to 13,657.17.
The Russell 2000 index of smaller companies fell 21.59 points, or 1%, to 2,205.75.
For the week:
The S&P 500 is up 32.27 points, or 0.8%.
The Dow is up 104.62 points, or 0.3%.
The Nasdaq is up 186.18 points, or 1.4%.
The Russell 2000 is down 9.52 points, or 0.4%.
For the year:
The S&P 500 is up 432.06 points, or 11.5%.
The Dow is up 3,705.98 points, or 12.1%.
The Nasdaq is up 768.89 points, or 6%.
The Russell 2000 is up 230.90 points, or 11.7%.
Before you consider HCSB Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HCSB Financial wasn't on the list.
While HCSB Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
