Market Week: May 24, 2021
Stocks began last week mostly lower, pulled down by tech and consumer shares. Of the benchmark indexes listed here, only the Russell 2000 (0.1%) and the Global Dow (0.2%) were able to eke out gains. The Nasdaq dipped 0.4%, followed by the S&P 500, which lost 0.3%, and the Dow, which fell 0.2%. Treasury yields rose modestly, while crude oil prices rose 1.5%. The dollar was mixed to lower. Energy prices advanced 2.3% and materials climbed 0.9%. Tech shares dropped 0.7%, communication services declined 0.9%, and utilities fell 0.9%.
