It looks like your browser is not up to date.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Skip to main content
  • Register
  • Help
  • Contact us

US open: Stocks trade lower following the Street's worst week since February

Mon 17 May 2021 15:27 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

Market latest

FTSE 100 | FTSE 250 | Paris CAC 40 | Dow Jones | NASDAQ

7168.05 | Positive 21.37 (0.30%)

Prices delayed by at least 15 minutes

(Sharecast News) - Wall Street stocks were in the red shortly after the open on Monday following the worst week for major US indices since February.

As of 1525 BST, the Dow Jones Industrial Average was down 0.26% at 34,293.96, while the S&P 500 was 0.27% weaker at 4,162.41 and the Nasdaq Composite came out the gate 0.46% softer at 13,367.64.

The Dow opened 88.17 points lower on Friday, cutting into gains recorded in the final session of an otherwise lacklustre week for stocks.

In focus early on Monday, AT&T and Discovery shares were both trading higher on the back of news of a potential merger of the former's WarnerMedia unit, which includes HBO, with the latter, with the new company set to trade as its own public entity.

Major tech stocks, which took a beating last week, were down again early on, with Apple, Facebook, Netflix and Alphabet all trading lower,

On the macro front, manufacturing sector activity in the jurisdiction of the Federal Reserve Bank of New York slipped a bit last month, with the so-called 'Empire State' index dipping from a reading of 26.3 for April to 24.3 in May. Economists had pencilled-in a reading of 23.9.

Elsewhere, the National Association of Housebuilders' housing market index came in at a print of 83 in May, unchanged from April's reading, supported by low inventories and strong demand despite rising prices and limited availability of certain building materials.

Still to come, foreign bond investment figures for March will be published at 2100 BST.

    Daily market update emails

    • FTSE 100 riser and faller updates
    • Breaking market news, plus the latest share research, tips and broker comments

    Register now for free market updates

    The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.