Friday, 14 December 2018 | 16:32 WIB

Technology Stocks Attempt to Rebound

Stock trading atmosphere on Wall Street

NEW YORK, NNC - Stocks on Wall Street varies with most of it strengthening at Monday's late trading as technology stocks attempted to rebound from last week's sharp decline.

The Dow Jones Industrial Average fell 59.47 points, or 0.23 percent, to end at 25,857.07 points. The S&P 500 index increased 5.45 points, or 0.19 percent, to close at 2,877.13 points. The Nasdaq Composite Index added 21.62 points, or 0.27 percent, to end at 7,924.16 points.

Nike and Home Depot are among the winners in the Dow component. Both shares rose more than two percent at closing.

Meanwhile, UnitedHealth and Boeing were underperforming, with both shares plummeting 3.19 percent and 2.12 percent, respectively.

Eight of the S&P 500's major sectors closed higher, with utilities and real estate leading gains. The technology sector cllimbed more than 0.3 percent. Nasdaq stopped a four-day losing streak, supported by Tesla's stock rally. Shares of US electric vehicle makers soared 8.46 percent at the close of the market.

Concerns about prolonged global trade tensions have limit gains in the market, experts noted.

US stocks fell in the week ending September 7, as markets were hit by sales of technology stocks amid trade fears, the Antara reported.