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06 Apr 2021 | 22:04

US close: Stocks end session lower

(Sharecast News) - Wall Street stocks closed slightly lower on Tuesday, breaking a three-day winning streak for the S&P 500. At the close, the Dow Jones Industrial Average was down 0.29% at 33,430.24, while the S&P 500 was 0.10% weaker at 4,073.94 and the Nasdaq Composite ended the day 0.05% softer at 13,698.38.

The Dow closed 96.95 points lower on Tuesday, cutting into gains recorded in the previous session.

Initially, market participants continued to cheer Friday's stellar jobs report and a surge in the gauge of services industry activity as a result of a rebounding US economy amid the nation's accelerated Covid-19 vaccine rollout.

Also in focus throughout the session, the yield on the benchmark 10-year Treasury note slipped off recent highs to around 1.66%, easing fears around inflation, while Joe Biden's $2.0trn infrastructure proposal and his intention to up the corporate tax to 28% to fund it also continued to draw an amount of investor attention.

On the macro front, the number of job openings edged up to 7.4m on the last business day of February, according to the Bureau of Labor Statistics, with hires also edging up to 5.7m and total separations little changed at 5.5m.

In the corporate space, the fallout from the Archegos scandal has led Credit Suisse to warn that it will take a charge of $4.7bn and turn in a first-quarter pre-tax loss of roughly $960.0m.

Tesla was in the green after posting record first-quarter deliveries yesterday, while GameStop posted early losses on news that it will sell as many as 3.5m shares to assemble a $1.0bn war chest to fund its e-commerce strategy.

Stocks tied to an economic reopening continued off on their recent upward trajectory, with the likes of United Airlines, Delta, Carnival, Norwegian Cruise Line and Royal Caribbean all trading higher.

Dow Jones - Risers

Nike Inc. (NKE) $137.07 1.51% McDonald's Corp. (MCD) $231.91 1.34% Goldman Sachs Group Inc. (GS) $327.06 1.09% Coca-Cola Co. (KO) $53.19 0.72% Walt Disney Co. (DIS) $189.73 0.65% Walmart Inc. (WMT) $140.05 0.48% Verizon Communications Inc. (VZ) $59.11 0.41% Salesforce.Com Inc. (CRM) $221.09 0.36% Apple Inc. (AAPL) $126.21 0.25% American Express Co. (AXP) $146.15 0.06%

Dow Jones - Fallers

Walgreens Boots Alliance, Inc. (WBA) $55.70 -1.94% Boeing Co. (BA) $255.17 -1.62% Merck & Co. Inc. (MRK) $75.79 -1.57% Unitedhealth Group Inc. (UNH) $364.42 -1.57% Intel Corp. (INTC) $65.56 -1.47% Caterpillar Inc. (CAT) $230.64 -1.31% International Business Machines Corporation (CDI) (IBM) $134.22 -1.26% Amgen Inc. (AMGN) $249.10 -1.16% Chevron Corp. (CVX) $103.58 -0.89% Cisco Systems Inc. (CSCO) $52.03 -0.73%

S&P 500 - Risers

Illumina Inc. (ILMN) $414.84 7.88% Norwegian Cruise Line Holdings Ltd (NCLH) $31.08 4.61% Twitter Inc (TWTR) $67.00 4.30% Discovery Inc. Class A (DISCA) $43.38 4.18% Wynn Resorts Ltd. (WYNN) $136.37 4.04% Alaska Air Group Inc. (ALK) $73.74 3.73% Yum! Brands Inc. (YUM) $114.08 3.11% Delta Airlines Inc. (DAL) $51.65 2.79% Macerich Co (MAC) $12.18 2.70% Constellation Brands Inc. Class A (STZ) $236.30 2.61%

S&P 500 - Fallers

Paychex Inc. (PAYX) $95.42 -4.92% TripAdvisor Inc. (TRIP) $54.24 -4.49% FMC Technologies Inc. (FTI) $7.65 -2.55% Applied Materials Inc. (AMAT) $139.54 -2.45% Coty Inc. Class A (COTY) $8.85 -2.43% KLA-Tencor Corp. (KLAC) $346.60 -2.39% Biogen Inc (BIIB) $271.76 -2.20% Centene Corp. (CNC) $62.64 -2.06% Wabtec Corp. (WAB) $79.39 -1.95% Walgreens Boots Alliance, Inc. (WBA) $55.70 -1.94%

Nasdaq 100 - Risers

Illumina Inc. (ILMN) $414.84 7.88% Wynn Resorts Ltd. (WYNN) $136.37 4.04% Mercadolibre Inc. (MELI) $1,547.79 2.95% Starbucks Corp. (SBUX) $113.15 1.92% Baidu Inc. (BIDU) $226.55 1.92% Liberty Global plc Series A (LBTYA) $26.12 1.91% NetEase Inc. Ads (NTES) $107.27 1.64% Liberty Global plc Series C (LBTYK) $25.89 1.57% Charter Communications Inc. (CHTR) $613.39 1.30% JD.com, Inc. (JD) $83.51 1.24%

Nasdaq 100 - Fallers

Paychex Inc. (PAYX) $95.42 -4.92% Applied Materials Inc. (AMAT) $139.54 -2.45% KLA-Tencor Corp. (KLAC) $346.60 -2.39% Biogen Inc (BIIB) $271.76 -2.20% Asml Holdings N.V. (ASML) $628.00 -1.95% Walgreens Boots Alliance, Inc. (WBA) $55.70 -1.94% Automatic Data Processing Inc. (ADP) $189.41 -1.90% Microchip Technology Inc. (MCHP) $160.74 -1.88% eBay Inc. (EBAY) $62.52 -1.84% Cadence Design Systems Inc. (CDNS) $143.46 -1.65%
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