Wall Street closed mixed on Monday as negative sentiment remained largely dominant in the stock market. The Dow Jones Industrial Average closed just 26.76, or +0.08% higher at 32,223.42, while the S&P 500 seesawed before closing 0.4% lower at 4,008.01.
The Nasdaq Composite, weighed down by declines in several mega-cap tech stocks, fell 1.2% to close at 11,662.79.
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The mixed session continues what has been a brutal start to May for equities, with disappointing economic data out of China adding to the uncertainty that grips investors.
In individual stocks, Amazon, which celebrated 25 years since its listing on Nasdaq, closed nearly 2% down.
Apple stock shed 1% and Google parent Alphabet lost 1.4%. Elsewhere, Twitter shares fell more than 8% in normal trading amid a potential tussle between Elon Musk and the Twitter board over bots and fake accounts.
The 10-year US Treasury yield cooled, shedding 5.8 basis points to 2.8770%, while a push in energy saw crude oil rise 3.2% to $114 per barrel. The risk-off sentiment also saw gold post slight gains, adding close to 1% to $1.824 per ounce.
In cryptocurrency, Bitcoin rose to intraday highs of $31,350 before paring the gains. The BTC/USD pair was trading at $30,044 (at 17:20 ET), about 3% down in the past 24 hours.
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Source: https://invezz.com/news/2022/05/16/stocks-mixed-bitcoin-fluctuates-above-30k-market-update/