News

S&P 500 and Dow Jones close with a loss

S&P 500 and Dow Jones close with a loss
S&P 500 and Dow Jones close with a loss
Subscribe to Newsletter

S&P 500 and Dow Jones close with a loss

  • 3619
  • 1 min.
  • 10 connections
  • 1 quote
S&P 500 and Dow Jones close with a loss

Indexes close in the negative

The S&P 500 and Dow Jones indices closed lower on Monday as Walt Disney (NYSE:DIS) shares fell, while Alexion Pharmaceuticals jumped on news of a $39 billion takeover offer from AstraZeneca (LON:AZN), which would be one of the biggest deals of the year.

The Pfizer-BioNTech vaccine, was delivered to health facilities across US states on Sunday and mass vaccination began on Monday.

Vaccinations are seen as crucial to ending the COVID-19 pandemic.

Shares in Disney are down 3.65% and Pfizer (NYSE:PFE) is down almost 5%.

Jake Dollarhide from the Longbow Asset Management company said: "While the whole market is happy, optimistic, bullish about the start of vaccination in the US, I think the average investor understands that its application and widespread distribution will not be a wand, will not go as fast as we would like".

Shares in Alexion Pharmaceuticals soared to a 4.5-year high following AstraZeneca's $39 billion takeover offer. AstraZeneca shares are down 8%.

Walt Disney shares fell after BMO Capital Markets downgraded the company following the release of its reports and said Netflix (NASDAQ:NFLX) had once again "won the competition for consumer choice". Netflix shares are up almost 4%.

The Dow Jones Industrial Average fell 0.48% to 29,900.96 points and the S&P 500 fell 0.32% to 3,651.92. The Nasdaq Composite rose 0.61% to 12,453.96.

Persons1 and Companies9 in the news

Tags:
Section: business

Related news

Last news

Quotes

All

Savannah Guthrie Returns to ‘Today’ After Four-Day Absence

MELVIN Craig
MELVIN Craig

So glad that Savannah’s back in Studio 1A

Teen Wolf Star Dylan Sprayberry Reveals Scientology Journey After Substance Abuse Battle

SPRAYBERRY Dylan
SPRAYBERRY Dylan

I am a Scientologist. I’ve been a Scientologist for three years now. It’s been an epic experience for me

Conor McGregor Speaks Out After 69-Second UFC 329 Loss to Max Holloway

MCGREGOR Conor
MCGREGOR Conor

I will overcome this. I will not be deterred

Jimmy Kimmel Replacement Tiffany Haddish Vows to Keep Making Trump ‘Mad’ With One Move

HADDISH Tiffany
HADDISH Tiffany

I had the best time this week. I made some new friends. I told some jokes that pissed off the White House. And now I can go back to making the president mad just by being a successful Black woman

Montel Williams Makes Rare Comment About Ex-Girlfriend Kamala Harris

WILLIAMS Montel
WILLIAMS Montel

I’m one of those guys that I don’t kiss and tell

Events

All

Nude Day 14 July

National Nude Day, celebrated annually on July 14, is a playful and lighthearted observance that encourages people to embrace body positivity and enjo ...

Read more >