AllMarket Update
logoArgusMay 17, 2021

Market Update: CMI, KSS, LYFT

Technology, Industrials, Consumer Cyclical

Stocks fell on Monday morning amid continued concerns about inflation and potential action from the Fed. AT&T and Discovery announced that they would combine their media assets to create a new standalone company. On the housing front, the national Association of Homebuilders reported continued strong builder confidence, with a reading of 83 in May, unchanged from the prior month. The Dow fell 0.5%, the S&P 0.4%, and the Nasdaq 0.6%. Crude oil traded near $66 per barrel, while gold rose $22 to $1860 per ounce.

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