- By John Deloria
- (General Dispatch) – Wall Street is opening its stocks with downward trends, after investors acted with caution, following another record run last week.
- Notably, the S&P 500 was down less than 0.1% in early morning trading Monday. As well, other major market indices declined.
- At the same time, the nation’s major banking institutions will be the focus of attention this week, as they will report their earnings results for the last quarter.
- Consequently, crude oil prices rose 2%, while Treasury bond yields were slightly higher. This was in addition to the downward trend in the Asian market.
- According to the agency, the drop may be due to the progressive increase in the number of coronavirus infections in recent weeks.
- Meanwhile, the European Union recorded fluctuations that indicate ambiguous elements between the fall and the rise of stocks.
- The stock market expects the vaccination process to be extended to all nations soon, in order to counteract the consequences of the virus on stocks.
- However, investors are projecting great optimism in the economic recovery in the coming weeks, especially those in the U.S. who maintain an effective vaccine management process, and will be paying close attention to the information provided by the banks this week.
Adittional Information:
AP News: US stocks wobble, hover near record highs as tech slides
US News: US Stocks Wobble, Hover Near Record Highs as Tech Slides
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