S&P 500 Index Opens Modestly Lower, Tech Stocks Take Big Losses

  • The major Wall Street indices started the new week on the back foot.
  • Energy stocks continue to rise as prices rise.
  • Tech stocks are trading deeply in bearish numbers after the opening bell.

The main stock indices They opened lower on Monday under pressure from large losses in major technology stocks. At time of writing, the S&P 500 Index was down 0.2% on the day to 4,347, the Dow Jones Industrial Average was virtually unchanged at 34,337, and the Nasdaq Composite was losing nearly 1% to 14,427.

Among the 11 sectors of the S&P 500, the communications services and technology indices fell more than 1% and the shares of Twitter Inc, Facebook and NVIDIA Corp lost between 3.2% and 4.2% in the first operations.

On the other hand, the Energy Index is rising 1.3% as the biggest winner after the opening bell supported by rising gas and crude oil prices.

Daily S&P 500 chart

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