Moscow. On 13 June. INTERFAX.RU – Stock market indexes Nasdaq Composite and Standard & Poor’s 500 ended in the red for the second consecutive session on Monday amid the ongoing sales of technology stocks.
The Dow Jones Industrial Average also declined, dropping from record highs.
Last week was the worst this year for the Nasdaq, which lost 1.6%; the S&P 500 fell for the week by 0.3%, the Dow Jones increased for the same amount and reached historical highs during Friday’s session and close it.
On Monday, the drop gradually spread to other sectors: in the “red zone” trades completed six of 11 industry-specific indicators of S&P 500, writes MarketWatch. The tech sector fell 0.8%. However, the oil and gas sector rose by 0.8%, following the increase in oil prices, and telecommunications – 0.6%, which some analysts considered a symptom of the continuing desire of the rally.
“It is clear that people do not go out of the market. They sell stocks in sectors, the winners and go in the industry, demonstrated the gap because they want to stay in the market”, – said the chief market strategist at JonesTrading Michael O’rourke.
The dollar fell before a meeting of the Federal reserve system (the fed) this week.
The Apple share price on 13 June fell by 2.5%, Facebook, and Microsoft lost 0.8%.
The market value of Exxon Mobil Corp. increased by 1%, Marathon Oil Corp. by 0.6%. Brent crude rose 0.3% to $48,29 per barrel, WTI by 0.6%, to $46,08 per barrel.
The prices of securities General Electric Co. gained 3.6% on the news about the resignation of the head of the company Jeff Immelt, from August 1, it will be replaced by John Flannery, who runs the Corporation direction for the production of medical equipment.
The Dow Jones Industrial Average on Monday dropped by 36.30 points (0,17%) – to 21235,67 points.
Standard & Poor’s 500 at the end of trading fell by 2.38 points (0.10 percent), making 2429,39 points.
The value of the Nasdaq Composite over the day decreased by 32.45 points (0,52%) – to 6175,46 points.