US stocks close lower led by tech and energy sectors

Economies.com
2021-03-02 22:53PM UTC

US stock indices closed lower on Tuesday, weighed down by the tech and energy sectors losses.

 

The US House of Representatives passed earlier this week President Joe Biden's $1.9 trillion stimulus plan, but the Senate has to vote on the bill in order to implement it.

 

The US health authorities (FDA) approved the emergency use of the Johnson & Johnson's Covid-19 vaccine, which is taken in only a single dose.

 

To the oil market, WTI crude March futures fell 1.5% or 89 cents, and closed at $59.57 a barrel, after hitting a day high of $62.9 and a low of $59.9.

 

Brent May futures fell 1.5% or 99 cents, and closed at $62.7 a barrel, after hitting a high of $64.1 and a low of $63.1.

 

As for stocks, Dow Jones fell 0.5% or 144 points, and closed at 31,391, with a day high of 31,623, and a low of 31,377.

 

Nasdaq fell 1.7% or 230 points to 13,358 points, with a high of 13,358 and a low of 13,352.

 

S&P 500 fell 0.8% or 31 points to 3,870, after hitting a high of 3,906 and a low of 3,868.

American Markets News

Americas News

Markets

US stock indices tumble after weak data
2024-04-25 17:00PM UTC
US stock indices fell on Thursday following disappointing US data earlier today.   US GDP ...
Americas News

Markets

Wall Street heads down as markets assess corporate results
2024-04-24 16:26PM UTC
US stock indices fell on Wednesday as investors assess the latest earnings results for the first ...
Americas News

Markets

US stock indices gain ground as markets focus on earnings
2024-04-23 17:22PM UTC
US stock indices gained ground on Tuesday as markets focus on earnings results, especially for tech ...