S&P 500 falls from document excessive to start out second quarter on again foot

The S&P 500 retreated from a document excessive to start out the second quarter of 2024 on the again foot, with Treasury yields rising as resilient financial information prompting merchants to reassess their bets on price cuts this yr.Regardless of opening in optimistic territory on Monday, Wall Road’s benchmark swung to shut 0.2 per cent decrease because the as actual property, industrials and healthcare teams slipped. General, nearly three-quarters of the S&P 500’s constituents fell, with pharmacy operator Walgreens Boots Alliance the worst performer with a 9.9 per cent drop.The tech-dominated Nasdaq Composite added 0.1 per cent.Shares in Amazon, Microsoft, Meta, Nvidia and Alphabet rose whereas Tesla and Apple misplaced floor.

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