Wall Street ends flat amid rate hopes, tech declines

U.S. stocks ended the day flat as increased expectations of stimulus from central banks around the world were offset by losses in technology and healthcare shares

NEW YORK - U.S. stocks ended flat on Monday as increased expectations of stimulus from central banks around the world were offset by losses in technology and healthcare shares.

The S&P 500 financial index .SPSY was among the day’s best-performing groups, rising 1.5%, with banks .SPXBK gaining 3.2% and U.S. Treasury yields up on rising bets of an interest rate cut at the U.S. Federal Reserve’s September meeting. “This is kind of the eye of the storm,” as investors await more news on interest rates or trade, said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street opens higher on hopes of monetary stimulusU.S. stocks opened higher for the fourth straight session on Monday, as mixed gl...
Read more »

Stimulus hopes buoy Wall Street, financials lead gainsWall Street's main indexes edged higher on Monday as investors bet on incre...
Read more »

Real US debt levels could be 2,000% of economy, a Wall Street report suggestsPutting all that together paints a daunting picture but one that requires nuance to understand. Paramount is realizing that not all of the debt obligations are set in stone.
Read more »

Wall Street ends flat as tech, healthcare flounderU.S. stocks ended flat on Monday as increased expectations of stimulus from cent...
Read more »

Real US debt levels could be a shocking 2,000% of GDP, a Wall Street report suggestsPutting all that together paints a daunting picture but one that requires nuance to understand. Paramount is realizing that not all of the debt obligations are set in stone.
Read more »

Why Wall Street changed its mind on Activision BlizzardActivision Blizzard lost half its market cap last winter, but it's on the rise again as it launches new versions of legacy video games.
Read more »