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Asian stock markets mixed after Wall Street rises to record
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Stocks shake off a wobbly start and finish slightly higher
Consumer-oriented companies, banks and energy and communications stocks helped lift the market.
(Associated Press)
Associated Press
BANGKOK
Wall Street capped a wobbly day for stocks with modest gains Monday, nudging the major indexes further into record territory.
The Standard & Poor’s 500 index shrugged off an early slide and gained 0.2%. Consumer-oriented companies, banks and energy and communications stocks helped lift the market. Those gains were kept in check by a pullback in healthcare and technology companies. Treasury yields mostly rose.
The modest gains follow a turbulent week for the market. A week ago, stocks fell sharply amid worries that fast-spreading variants of the coronavirus could threaten the economic recovery. But the swoon was short-lived, and the major stock indexes rallied to record highs Friday.
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