|
All
three of Wall Street's main indexes started the week on the back
foot as worries about new lockdowns in Europe and a stalemate in
Congress over the size and shape of another coronavirus-response
bill dented hopes of a swift economic recovery.
The S&P 500 closed down just under 9% on Monday from hitting a
record high on Sept. 2, floating just above correction
territory.
The growth-linked technology sector was the only one to post
gains in the previous session, while value-oriented sectors such
as industrials, energy and financials tumbled about 3%.
Early premarket gainers on Tuesday included Microsoft Corp,
Apple Inc, Amazon.com Inc, Alphabet Inc and Facebook Inc, all of
which have dominated Wall Street's rally since a coronavirus-driven
crash in March.
At 6:37 a.m. ET, Dow e-minis were down 5 points, or 0.02%. S&P
500 e-minis were up 7 points, or 0.21% and Nasdaq 100 e-minis
were up 81.5 points, or 0.74%.
Tesla Inc fell 3.4% after Chief Executive Officer Elon Musk
warned about the difficulties of speeding up production as an
expert cautioned the carmaker's increased reliance on
large-scale aluminium parts could bring new manufacturing
challenges.
Oracle Corp shed 1.2% on report that Beijing was unlikely to
approve a proposed deal by the software maker and Walmart for
ByteDance's TikTok.
Carnival Corp lost 1% after the cruise operator announced sale
of its two Princess Cruises ships - Sun Princess and Sea
Princess - to undisclosed buyers.
(Reporting by Shreyashi Sanyal and Devik Jain in Bengaluru;
Editing by Anil D'Silva)
[© 2020 Thomson Reuters. All rights
reserved.] Copyright 2020 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
|
|
