Dow and S&P 500 slip from records to start the week; European stocks close slightly higher
The Dow Jones Industrial Average fell on Monday on concerns about global growth, after the 30-stock average notched a record close Friday.
The Dow fell 107.91 points to 35,100.60, or 0.3%. The S&P 500 traded down 0.1% at 4,432.41. Meanwhile, the technology-heavy Nasdaq Composite rose 0.16% to 14,860.18.
Oil prices dropped on Monday, building on last week’s losses, as rising Covid cases caused concern of a slowdown in demand.
Tesla shares lead the Nasdaq higher on Monday. The electric carmaker gained 2.1% after Jefferies upgraded the stock and predicted a rally of more than 20% over the next 12 months.
Berkshire Hathaway’s B shares climbed 0.6% on the back of a solid earnings report.
Britain’s Deliveroo surged 4.5% on Monday after disclosing that German peer Delivery Hero had taken a 5.09% stake in the company.
Source: CNBC, Investing.com