US stocks fall further from records amid inflation fears | www.WDIO.com

US stocks fall further from records amid inflation fears

US stocks fall further from records amid inflation fears Photo: WDIO-TV

WDIO
Created: May 17, 2021 01:52 PM

Stocks fell in afternoon trading on Wall Street Monday as the market comes off of its worst weekly decline since February.

Big Tech stocks were the heaviest weights pulling the major indexes lower.

The sector has been responsible for big swings in either direction over the last few weeks as investors weigh the impact of rising inflation and a broad economic recovery.

The S&P 500 was down 0.5% following its 1.4% drop last week from its record high.

Energy and materials companies were doing better than the rest of the market and helping to limit the losses.

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