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Wall Boulevard stocks close mixed on COVID-19 fears

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Jakarta (ANTARA) – Wall Boulevard stocks closed mixed on Monday following investor concerns over the increase in COVID-19 infections, which is seen as slowing the economic recovery.

The Dow Jones Business Avarage Index rose 110.02 levels, or 0.31 percent, to 35,625.40, the S&P 500 Index gained 11.71 points, or 0.26 percent, to 4,479.71 while the Nasdaq Composite Index fell 29.14 points, or 0.20. percent to 14,793.76.

Six of the 11 major S&P 500 sectors ended higher with the health sector up 0.67 percent leading gains, while the energy sector fell 1.74 percent, the worst performer in the group.

Wall Boulevard also noted Chinese companies were trading the top 10 stocks lower on the S&P index. US stocks also noted China’s 50 indexes ended the day with losses.

Wall Boulevard expects the pandemic to continue in the United States, with the Delta variant in a continued uptrend and hospitalizations increasing.

According to the latest data compiled by the U.S. Centers for Disease Control and Prevention, the average daily increase in COVID cases in the United States was more than 119,500 in the seven-day period ending Friday, compared with a weekly average of about 26,500 cases a month ago.

For the trading week ending Aug. 13, U.S. stocks posted mixed results, with the Dow Jones Index and the S&P 500 Index up 0.9 percent and 0.7 percent, respectively, while the tech-laden Nasdaq Composite Index fell 0.1 percent.

Read also: Wall Street hit by weak consumer data

Reporter: Subagyo
Editor: Royke Sinaga
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