Market Recap: Monday, May 3, 2021

Stocks traded mixed on Monday, with the S&P 500 and Dow looking to kick off May on a high note while the Nasdaq declined. The S&P 500 added about 0.4%, while the Dow jumped by 0.9%. On Friday, the S&P 500 ended ended lower, but still closed out its best month since November with a monthly advance of more than 5%. In April, the communication services and consumer discretionary sectors led gains in the S&P 500, returning to a leadership position after lagging earlier in 2021 amid a rotation into cyclical and "reopening" stocks. However, growth names pared some gains last week, with Federal Reserve Chair Jerome Powell highlighting that some asset valuations appeared "frothy." Blue Line Futures President Bill Baruch and Invesco Chief Global Market StrategistKristina Hooper joined Yahoo Finance Live to discuss.

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Видео Market Recap: Monday, May 3, 2021 канала Yahoo Finance