Mixed night on Wall Street as investors move to value stocks – Sydney Morning Herald
The S&P 500 ended up slightly and the Nasdaq fell on Monday (US time) as investors extended a rotation into value stocks from heavyweight tech-related names while awaiting news on progress in a US fiscal support bill.
The Nasdaq, which hit a record high every day of last week, was dragged lower by Microsoft, Amazon.com and Facebook. The Dow sharply outperformed the other two major indexes.
The Dow and S&P gained as investors moved from growth to value stocks. Credit:AP