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Live updates on today’s stock market

Stock market today: Live updates

Stock market today: Live updates

Investors are grappling with a modest setback on Wall Street after a losing session affected last week’s broad gains. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all slipped, as futures tied to the Dow Jones Industrial Average shed 30 points, or 0.1%, and futures linked to the S&P 500 and Nasdaq-100 dipped 0.1% and 0.2%, respectively. Bank stocks slid following news that regulators are considering increasing capital requirements for large banks. Elsewhere, Apple, the iPhone maker, made headlines after unveiling their highly anticipated virtual reality headset and new software at their annual Worldwide Developer Conference. The event weighed on other tech stocks, with Intel dropping over 4% after Apple unveiled a new chip.

FAQs:

What caused the stock market to drop?
The stock market experienced a minor setback following a losing session that affected last week’s broad gains. Bank stocks also slid after news emerged that regulators are considering increasing capital requirements for large banks.

Which company made headlines following the Worldwide Developer Conference?
Apple, the iPhone maker, unveiled their highly anticipated virtual reality headset and new software during their annual Worldwide Developer Conference, which caused their stock to swing between a 2.2% gain and a 1.6% loss.

How did other tech stocks react to Apple’s announcements?
Intel dropped over 4% after Apple unveiled a new chip during the event, as other tech stocks felt the impact of the conference.

Stock market today: Live updates
Stock market today: Live updates

Live Updates: Today’s Stock Market Status

Stock futures were slightly down on Monday night following a losing session on Wall Street. Investors were coming off a weekend that saw some gains for the markets, but Monday’s losses erased some of those advancements. Futures linked to the Dow Jones Industrial Average lost 30 points or 0.1%. S&P 500 and Nasdaq-100 futures lost 0.1% and 0.2% respectively. The losing session demonstrated a moderate reversal from last week’s broad gains. The Dow finished down about 0.6%, while the S&P 500 and Nasdaq Composite lost about 0.2% and 0.1%, respectively.

According to CNBC, Apple had a hand in the drag downward, as investors initially sent the iPhone maker’s stock to new all-time highs before ending the session down around 0.8%. The Big Tech firm debuted its highly anticipated virtual reality headset, as well as new software at its annual Worldwide Developer Conference on Monday. Apple’s conference had a knock-on effect on other tech names, with Intel dropping over 4% after the company unveiled a new chip.

Bank stocks also slid but principally owing to news that regulators are contemplating increasing capital requirements for leading banks. Goldman Sachs and Bank of America each lost about 0.6% on Monday, while Morgan Stanley slipped slightly around 0.7% and JPMorgan shares lost nearly 1%. The SPDR S&P Bank ETF dropped about 2.2% on the day.

Without any significant economic data scheduled for Tuesday, investors will focus on some of the last earnings reports to trickle in this season, including one coming after the bell from personal fashion service Stitch Fix.

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