Stocks end another wobbly day lower as virus cases rise

News
The New York Stock Exchange (Jeenah Moon/Bloomberg via Getty Images)

The New York Stock Exchange (Jeenah Moon/Bloomberg via Getty Images)

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

NEW YORK — Stock indexes are closing mostly lower on Wall Street Tuesday as the market’s momentum slows further on worries about rising virus counts and Washington’s inability to deliver more aid to the economy.

The S&P 500 lost 0.3% after swinging between small gains and losses earlier.

Most stocks in the index were lower, particularly oil producers and other companies whose profits tend to track the strength of the economy.

Technology stocks rose, sending the Nasdaq higher, after AMD said it would buy fellow chipmaker Xilinx for $35 billion.

The market is coming off its worst drop in a month. Treasury yields retrenched again.

Latest headlines from FOX8

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trademark and Copyright 2021 The Associated Press. All rights reserved.

Must-See Stories

More Must-See Stories
North Carolina Coronavirus Hotline: 1-866-462-3821

MOST POPULAR

Follow FOX8 on Twitter