money Market Recap: Monday, October 19
Stocks ended near session lows on Monday, with the Dow falling more than 400 points as shares of Johnson & Johnson, Microsoft and Apple weighed on the blue-chip index. Meanwhile, the Nasdaq logged its fifth straight day of declines, as investors continued to weigh fading prospects of a near-term stimulus package, and eyed still-rising coronavirus cases in the U.S.
Video Transcript
- Welcome back to "The Final Round" here on Yahoo! Finance. I'm Seana Smith. We have stocks selling off in the final couple hours of trading, with just around 20 seconds left in the trading day. We are looking at a pretty big decline across the board. The Dow off just over 400 points. S&P and NASDAQ both off more than 1.5%. When you take a look at the NASDAQ, and some of the weakness that we've seen over the last couple of days, the NASDAQ is on track for its longest losing streak since August of 20--
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And that does it for the trading day today. Again, declines across the board. Let's look as we shake out the final trades. The Dow looks like it's closing up just around 400 points. The S&P off 1.6%, as well as the NASDAQ. The NASDAQ now having its longest losing streak since August of 2019. We've seen weakness here in some of those big tech names recently. Taking a look at some of those big tech names today, Apple, Amazon, Google, Microsoft, all of those stocks off at least 2% in today's action. Of course, the bigger drivers of the market, it's pretty much the same story as what we were talking about over the last couple of weeks. Stimulus talks down in DC. The debate as to whether or not we are going to get a deal. That, of course, continues to drive investor action. And then the rising coronavirus case count. That, of course, is keeping investor sentiment in check. I mentioned the weakness in technology. Taking a look at the other sectors here, all 11 of the S&P sectors closing in the red today. In addition to technology, health care and communication services are amongst the worst performers today. On the housing front, though, we did get another piece of good news out in terms of housing data. Home-builder sentiment setting another record high in the month of October. Although it's doing very little for the home-builder stocks today. They're selling off with the broader market here, as a number of those big names close in the red.
