Monday Stock Market Update
Here are the main market catalysts and closing values for the major US indexes on Monday, April 19, 2021.
The Dow Jones Industrial Average, Nasdaq Composite, and S&P 500 posted fell on Monday.
- The Dow Jones Industrial Average gained 123.04 points or 0.40 percent, to close at 34,077.63.
- The S&P 500 fell 0.50 percent to close at 4,163.26.
- The Nasdaq Composite fell 1.00 percent to close at 13,914.77.
Stocks fell from record highs as COVID cases rise globally and cryptocurrency prices sold off.
“Whenever a headline grabbing asset sees a big decline at a time when the broad market stands at an expensive level, it usually has a negative impact on the stock market even if it’s only short-lived,” said Matt Maley, chief market strategist at Miller Tabak.
On Tuesday keep an eye out for:
- ECB Bank Lending Survey
- New Zealand Consumer Price Index (YoY)
- Johnson & Johnson, Procter & Gamble Co., Bank of America Corp., Adobe Inc., Netflix Inc., Coca-Cola Inc., Boeing and others are reporting earnings.
