- The New York Stock Exchange (NYSE) in Manhattan saw a slight dip in trading activity today, with the Dow Jones Industrial Average closing down by 0.2%. This decrease was attributed to concerns over rising inflation and interest rates.
- Investors also kept a close eye on the tech sector, as the Nasdaq Composite Index fell by 0.5% on the news of disappointing earnings reports from major tech companies. This led to a sell-off in tech stocks, dragging down the overall market performance.
- Despite the overall negative trend, some sectors showed resilience, with energy stocks posting gains as oil prices climbed higher. This helped offset some of the losses in other sectors and kept the market from falling further.
Read more at Barchart: Stocks Muted Before the Open as Investors Await U.S. Retail Sales Data, Netflix Earnings on Tap