All 11 S&P sectors fell, with the so-called value stocks, including financial, industrial, materials and energy, dropping between 2.0% and 3.9%. The benchmark S&P 500 snapped a three-week winning streak on Friday, with only defensive sectors, perceived to be relatively safe during times of economic uncertainty, posting small gains. On Monday, the technology-heavy Nasdaq index outperformed the broader market as investors again flocked to the growth-linked stocks that led Wall Street's recovery from its coronavirus-lows last year. The S&P 500 Airlines sub index slumped 2.9%. The S&P index recorded 12 new 52-week highs and no new low, while the Nasdaq recorded 17 new highs and 231 new lows.

Source: Mint July 19, 2021 13:46 UTC