Wall Street Panels About Technical Problems and Fears of Trading By Investing.com

Investing.com – Shares attempted to gather on Monday after being bullied most of last week, but confidence eased late in the afternoon.

The index finished down 0.28% and the 1.61% plummeted on Facebook (NASDAQ 🙂 and Google's parent Alphabet (NASDAQ :). The, dominated by big tech companies like Facebook and Alphabet, dropped by 2.1%.

The successful rally at the end of the session which saw a loss of 100 points turn into a small gain of 0.02%.

St. Louis Fed President James Bullard said the Federal Reserve may need to lower interest rates to counter the economic risks of President Donald Trump's trade disputes.

The sale was prompted by reports that the Justice Department could investigate Alphabet for antitrust violations. Facebook has dropped more than 8 percent on reports that the Federal Trade Commission will also look at antitrust issues.

In addition, markets around the world were wary of threats by the Trump administration to increase tariffs on goods from Mexico in order to force the Mexican government to stop illegal immigration. A weaker than expected report on the domestic manufacturing sector also did not much influence the mood of investors.

With today 's sales, Nasdaq and indices are down more than 10% since the peak reached in April. A 10% decrease from a peak corresponds to the current definition of a correction.

The S & P 500 is down 7.1% from its peak in April. The Dow is down 7.9% from its 52-week high reached last fall.

The sale has driven many investors to flee towards the relative safety of bonds. The yield fell to 2.08%, its lowest level since November 2016.

Oil prices have also fallen. yielded 0.47% to $ 53.25 per barrel. , the world benchmark, fell 71 cents to 61.28 dollars a barrel. The two countries recorded a decline of almost 20% from their peaks in April, as commercial concerns overwhelmed the thinking of traders instead of OPEC's production cuts.

Only nine of Dow's 30 stocks ended down, with Microsoft (NASDAQ 🙂 being the biggest loser, down 3.1%. Verizon Communications (NYSE 🙂 was the leader of the Dow, up 3.7%.

Winners and losers of the S & P 500

DowDuPont (NYSE :), Capri Holdings (NYSE 🙂 and LyondellBasell Industries NV (NYSE 🙂 were the best artists of the S & P 500 that day.

Health insurance company Centene Corp. (NYSE :), Facebook (NASDAQ 🙂 and Alphabet (NASDAQ 🙂 were latecomers of the S & P 500.