Sun, 13 Jun 2021

U.S. stocks decline as financials, industrials lag

10 Jun 2021, 07:30 GMT+10

NEW YORK, June 9 (Xinhua) -- U.S. stocks dropped on Wednesday amid weakness in the financials and industrials sectors.

The Dow Jones Industrial Average slid 152.68 points, or 0.44 percent, to 34,447.14. The S&P 500 decreased 7.71 points, or 0.18 percent, to 4,219.55. The Nasdaq Composite Index fell 13.16 points, or 0.09 percent, to 13,911.75.

Seven of the 11 primary S&P 500 sectors ended in red, with financials and industrials down 1.06 percent and 1.03 percent, respectively, leading the laggards. Health care rose 1 percent, the best-performing group.

U.S.-listed Chinese companies traded mostly lower with eight of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.

The May U.S. consumer price index, a key gauge of inflation, is slated for Thursday. Investors will look to the report to assess the inflation levels.

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