US stock market closes lower on Monday: S&P 500 index moves into bear territory
US stock market closes lower...
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US stock market closes lower on Monday: S&P 500 index moves into bear territory

14 June 2022
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2 min.
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US stock market closes lower on Monday: S&P 500 index moves into bear territory

Trading day on Monday

Bond yields jumped to new heights amid lingering fears of a Fed rate hike. Risk appetite globally was undermined by a combination of renewed inflation worries and the Fed's perceived reaction.

At the close of trading on the New York Stock Exchange, US stock indices ended June 3 in negative territory, with the S&P 500 (-3.88%) in bear market territory, the Dow Jones was down 2.79% to a 52-week low and the Nasdaq Composite was down 4.68%.

At the end of Monday's trading, such stocks in the Dow Jones index were the leaders: McDonald's (NYSE: MCD) +0.46%, Cisco (NASDAQ: CSCO) -0.57%, Coca-Cola (NYSE: KO) -0.11%.

S&P 500 Index

At the end of Tuesday's trading, shares of such companies in the S&P 500 Index rose: CME Group (NASDAQ: CME) +1.55%, Truist Financial (NYSE: TFC) +1.50%, Duke Realty (NYSE: DRE) +0.98%.

Shares of such companies closed down: Xcel Energy (NASDAQ: XEL) -3.69%, ResMed (NYSE: RMD) -2.94%, Eversource Energy (NYSE: ES) -4.66%, Dexcom (NASDAQ: DXCM) -7.35%, EOG Resources (NYSE: EOG) -7. 79%, CSX Corporation (NASDAQ: CSX) -2.77%, Marathon Petroleum (NYSE: MPC) -5.70%, Valero Energy (NYSE: VLO) -6.33%, Illinois Tool Works (NYSE: ITW) -4.14%, Phillips 66 (NYSE: PSX) -4.58%.

NASDAQ Index

At the end of Tuesday's trading, shares of such companies in the Nasdaq index rose: Day One Biopharmaceuticals (NASDAQ: DAWN) +125.98%, Hillstream Biopharma (NASDAQ: HILS) +75.30%, Seagen (NASDAQ: SGEN) +0.14%.

However, shares of such companies in the Nasdaq index fell: Fastenal (NASDAQ: FAST) -3.66%, Electric Last Mile Solutions (NASDAQ: ELMS) -61.59%, Applied Blockchain (NASDAQ: APLD) -52.55%, Idexx Laboratories (NASDAQ: IDXX) -2.80%, Old Dominion Freight Line (NASDAQ: ODFL) -3. 03%, Verisk Analytics (NASDAQ: VRSK) -1.48%, Ares Capital (NASDAQ: ARCC) -4.99%, Bruker Corporation (NASDAQ: BRKR) -3.06%, Paylocity (NASDAQ: PCTY) -6.89%, Masimo Corporation (NASDAQ: MASI) -6.65%, Churchill Downs (NASDAQ: CHDN) -7.48%.

Also, on NYSE, the number of securities that went down (3100) exceeded the number that closed on the plus side (151), while the quotation of 80 stocks remained practically unchanged. On Nasdaq, 3,470 stocks declined, 484 rose, while 163 remained flat at previous close.

It is worth noting that the yield on two-year Treasuries rose to 3.35%, a new multi-year high.

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