Mar 25 | Daily Finance News

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U.S. STOCK PICKS

Closing: 4:00 PM EST

Stocks slipped Monday to start a shortened trading week as the rally that brought Wall Street to record levels took a breather.
The Dow Jones Industrial Average fell 162.26 points, or 0.41%, closing at 39,313.64. The S&P 500 dipped 0.31% to finish at 5,218.19, while the Nasdaq Composite was down 0.27% and settled at 16,384.47.
The market is on track for its fifth consecutive month of gains, with the major U.S. stock benchmarks crossing new all-time closing high levels last week. The S&P 500 added roughly 2.3% last week, while the Dow gained just under 2% for its best week since December, nearing the 40,000 level. The Nasdaq Composite, meanwhile, jumped about 2.9% during the period.
This week, investors will gain further insight about the path of inflation from the February personal consumption expenditures price index, the Fed’s preferred inflation gauge, released Friday morning. The market’s reaction will be determined on the following Monday given the Good Friday holiday.
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*All information sourced from news portals such as CNBC, Yahoo Finance, Reuters, etc.

Stocks slip to start shortened trading week as rally to records pauses.
Shares of Intel led the market lower, with the semiconductor firm sliding 4% after The Financial Times reported that new China guidelines would block Intel chips in government servers and computers.
United Airlines stock fell 4% after the Federal Aviation Administration said it would be heightening scrutiny of the airline after a series of safety incidents.
Boeing CEO to step down in broad management shake-up as 737 Max crisis weighs on aerospace giant.
EU launches probe into Meta, Apple and Alphabet under sweeping new tech law.
Wall Street just gave its highest year-end forecast yet for the S&P 500.

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