October 28, 2021

The World Stock Markets Tips & Targets, News, Views & Updates

The World Stock Markets Tips & Targets, News, Views & Updates

Stock market reverses course in Monday afternoon trade, with Dow down about 120 points

U.S. stock markets turned south Monday afternoon, with early, modest gains fizzling, amid selling in financials XLF, -0.50% and communication services XLC, -0.79%. The Dow Jones Industrial Average DJIA, -0.28% was trading about 115 points lower, or 0.3%, at 34,630, the S&P 500 index SPX, -0.17% was trading 0.3% lower at 4,380, while the Nasdaq Composite Index COMP, +0.05% shed 0.1% at 14,560. All three benchmarks had been showing modest gains earlier in the session. The Treasury is closed in observance of Columbus Day in the U.S.

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