AllMarket Update
logoArgusMay 10, 2021

Market Update: MMP, DHR, FLEX, FSLR, J, MCHP, NFG, LYB

Sector(s)
Basic Materials, Energy, Technology, Healthcare, Industrials
Summary

Stocks were mixed on Monday morning, with strong gains in the Consumer Staples, Industrial, and Utility sectors and losses in Technology and Communication Services. Marriott shares fell 3% after the company posted lower-than-expected 1Q earnings, reflecting weak bookings in its core U.S. market. Tyson shares also fell, despite better-than-expected fiscal 2Q results, after management warned that rising costs would weigh on margins in the second half of the year. The Dow rose 0.8%, the S&P was flat, and the Nasdaq fell 1.4%. Crude oil traded near $64.50 per barrel, while gold rose $9 to $1839 per ounce.

Subscribe to Yahoo Finance Plus Essential for full access
Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next level
Try it Free