fair.png
Monday June 14th, 2021 5:23PM

US stocks drift between gains and losses in early trading

By The Associated Press
Related Articles
  Contact Editor

Stocks are off to a mixed start Tuesday, as the market cooled off from the rally the day before and as investors waited for the debate between President Donald Trump and Democratic challenger Joe Biden.

The S&P 500 was up 0.1% after drifting between small gains and losses in the early going.

The Dow Jones Industrial Average was little changed as of 10 a.m. Eastern. The technology-heavy Nasdaq composite was up 0.2%.

Banks and industrial companies had some of the biggest losses shortly after the opening bell Tuesday, while several big technology and communications companies were higher.

Technology stocks, long been the driver of this year's stock market moves, were mostly higher in early trading. Advanced Micro Devices rose 2.5%, Twitter was up 2.8% and Facebook was up 1.5%.

Investors are waiting for Tuesday’s 90-minute televised Trump-Biden debate. The debate comes as coronavirus deaths worldwide crossed 1 million. Cases in the U.S. are on the rise again as states attempt to reopen schools and factories. Tens of millions of Americans remain out of work.

Markets are watching the November election's impact on tax policy and how long it might take to determine the winner.

“With a reasonable polling lead, one could argue that Joe Biden has more to lose here than President Trump,” said Robert Carnell of ING in a report. He noted that with some potential for gaffes or other colorful moments, the debate might be “cringe-worthy but unlikely to deliver an electoral car-crash for either side.”

Investors' confidence has been supported by infusions of central bank support into struggling economies and hopes for development of a coronavirus vaccine.

Congress still is arguing over the size of a new support package after additional unemployment benefits expired.

  • Associated Categories: Associated Press (AP), AP Elections, AP Business, AP Elections - Campaigns, AP Business - Economy, AP Business - Financial Markets
© Copyright 2021 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
UK, Canada impose sanctions on Belarus president, officials
Britain and Canada have imposed sanctions on Belarusian President Alexander Lukashenko, his son and other senior government officials following the disputed presidential election and a violent crackdown on protesters in Belarus
1:32PM ( 1 minute ago )
Pompeo voices support for talks between Greece, Turkey
U.S. Secretary of State Mike Pompeo has expressed support for talks between Greece and Turkey, NATO allies whose relations deteriorated to the point where both had warships facing off in the Mediterranean Sea
1:26PM ( 8 minutes ago )
Twins shelve Donaldson for wild card series with calf injury
Minnesota Twins third baseman Josh Donaldson will miss the best-of-three AL first-round series against Houston because of a nagging injury to his right calf
1:16PM ( 18 minutes ago )
Associated Press (AP)
The Latest: Trump in debate prep before faceoff with Biden
President Donald Trump spent Tuesday morning in informal preparations for the first debate with Joe Biden
12:37PM ( 57 minutes ago )
Stocks move lower as investors wait for presidential debate
Stocks were lower in mid-morning trading as the market cooled off following a rally the day before and as investors waited for the debate later Tuesday between former Vice President Joe Biden and President Donald Trump
11:07AM ( 2 hours ago )
Court pick Barrett visits Senate ahead of confirmation fight
President Donald Trump’s nominee for the Supreme Court, Amy Coney Barrett, is on Capitol Hill for a day of meetings with Senate Majority Leader Mitch McConnell and other pivotal Republican senators in preparation for her fast-track confirmation before the Nov. 3 election
10:54AM ( 2 hours ago )
AP Elections
The Latest: Arkansas school superintendent dies from virus
An Arkansas school district says its top leader has died from the coronavirus
12:33PM ( 1 hour ago )
Judge says new royal book can be used in Meghan privacy case
A British judge says the publisher of Britain’s Mail on Sunday newspaper can use the contents of a recent behind-the scenes book about the Duke and Duchess of Sussex in its defense for a lawsuit brought by the duchess
12:21PM ( 1 hour ago )
Women's issues at UN: Still 'too low down on the agenda'
This year's U.N. General Assembly came as the world body prepared to commemorate a milestone in women's rights: the 25th anniversary of the Beijing women’s conference that produced a global roadmap for gender equality
11:51AM ( 1 hour ago )
AP Business
US stocks drift between gains and losses in early trading
Stocks are off to a mixed start on Wall Street Tuesday as the market cooled off following a rally the day before and as investors waited for the presidential debate between former Vice President Joe Biden and President Donald Trump
10:09AM ( 3 hours ago )
Stocks drift mostly lower in early trading on Wall Street
Stocks are off to a weak start on Wall Street Tuesday as the market cooled off following a rally the day before
9:47AM ( 3 hours ago )
Global stocks mixed after Wall St rally ahead of US debate
Asian stock markets are mixed after Wall Street rallied ahead of a U.S. presidential election debate
5:26AM ( 8 hours ago )
AP Elections - Campaigns
The Latest: Moscow to keep school kids home 2 weeks in Oct
Moscow authorities are extending school holidays by a week amid a surge of new coronavirus cases
9:38AM ( 3 hours ago )
S&P CoreLogic Case-Shiller: US home prices rise 3.9% in July
U.S. home prices rose at a faster pace in July as the housing market continued to show strength during the coronavirus outbreak
9:02AM ( 4 hours ago )
The Latest: Britain to offer new job training amid virus
British Prime Minister Boris Johnson has promised new adult education and training programs to help workers recover amid the coronavirus pandemic
8:16AM ( 5 hours ago )
AP Business - Economy
The Latest: Cuomo warns of hot spots throughout New York
New York Gov. Andrew Cuomo is raising alarm about the emergence of a handful of coronavirus hot spots in the state
5:43PM ( 19 hours ago )
The Latest: Experts say 3rd wave of infections hitting Idaho
Officials say Idaho has more than 40,500 confirmed cases of the coronavirus and some health experts are warning that the state in the western U.S. is entering its third wave of new infections
5:16PM ( 20 hours ago )
The Latest: Chicago easing restrictions on bars, restaurants
Restrictions aimed at limiting the spread of the coronavirus in Chicago’s restaurants and bars will ease slightly this week, letting more customers dine and drink indoors
4:26PM ( 21 hours ago )
AP Business - Financial Markets
UK, Canada impose sanctions on Belarus president, officials
Britain and Canada have imposed sanctions on Belarusian President Alexander Lukashenko, his son and other senior government officials following the disputed presidential election and a violent crackdown on protesters in Belarus
1:32PM ( 2 minutes ago )
Pompeo voices support for talks between Greece, Turkey
U.S. Secretary of State Mike Pompeo has expressed support for talks between Greece and Turkey, NATO allies whose relations deteriorated to the point where both had warships facing off in the Mediterranean Sea
1:26PM ( 8 minutes ago )
Twins shelve Donaldson for wild card series with calf injury
Minnesota Twins third baseman Josh Donaldson will miss the best-of-three AL first-round series against Houston because of a nagging injury to his right calf
1:16PM ( 18 minutes ago )
The Latest: Israel says Hezbollah has 'arms depot' in Beirut
Israeli Prime Minister Benjamin Netanyahu accused the Lebanese militant group Hezbollah of maintaining a “secret arms depot” in a residential neighborhood of Beirut
1:10PM ( 24 minutes ago )
Unfriendly skies: Airline workers brace for mass layoffs
About 40,000 workers in the airline industry are facing layoffs on Thursday unless Congress comes up with another aid package
1:09PM ( 25 minutes ago )