AllMarket Update
logoArgusApril 12, 2021

Market Update: AMAT, ED

Utilities, Technology

Stocks fell on Monday morning, led by the Technology and Communication Services sectors, as investors awaited the first 1Q earnings reports from major banks on Wednesday. Earnings from S&P 500 companies are expected to rise 25% in the first quarter, according to data from Refinitiv. On the M&A front, Microsoft said that it would acquire AI and speech recognition company Nuance Communications in a $19.7 billion deal. The Dow fell 0.2%, the S&P 0.2%, and the Nasdaq 0.5%. Crude oil traded near $60 per barrel, while gold fell $12 to $1733 per ounce.

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