The front facade of the New York Stock Exchange (NYSE) is seen in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermid
The Dow Jones Industrial Average hit a record high on Monday on hopes that interest rates would remain lower for longer, while the S&P 500 was subdued as a slide in technology shares offset a surge in commodity-linked energy and material stocks.
The Nasdaq, on the contrary, dropped 1.5% as some of the market leaders of 2020 – Apple Inc (AAPL.O), Amazon.com Inc (AMZN.O), Facebook Inc (FB.O) and Tesla Inc (TSLA.O) – fell between 1.4% and 4%.
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