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May 17, 2021, 4:11 p.m. EDT

U.S. stock market ends lower Monday but off low as tech and communication-services stocks slump

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By Mark Decambre

U.S. stocks ended slightly lower Monday, weighed by declines technology and tech-related shares, as concerns about inflation continued to buffet Wall Street, following the worst week for stocks since Feb. 26. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.56% finished about 0.2% lower at 34,328, off the low for the day at 34,176.65, with shares of Walt Disney & Co. /zigman2/quotes/203410047/composite DIS +0.23% and Home Depot /zigman2/quotes/208081807/composite HD -1.05% leading the blue-chip benchmark's slide. The S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.63% closed off 0.3% at roughly 4,163, led lower by technology and communicatiion-services shares, while the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +0.81% retreated 0.4% to 13,379, off a low of 13,265. The slump for stocks came as gold futures /zigman2/quotes/210034565/delayed GC00 -0.09% jumped, settling above their 200-day moving average and marking the highest finish for the most-active contract since early February. Federal Reserve Vice Chairman Richard Clarida, the Fed's No.2, said the U.S. economy had yet to reach the "substantial further progress" that would be needed to peel back accommodative policies, even as investors fear that inflation is set to run hotter than the central bank is predicting. In corporate news, AT&T shares /zigman2/quotes/203165245/composite T +0.05% fell 2.7% after it agreed to combine media assets with Discovery Inc. /zigman2/quotes/200511275/composite DISCA -1.64% and spin them off into a new, publicly traded company. Shares of Disovery fell more than 5%.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
35,223.72
+195.07 +0.56%
Volume: 197.95M
Jan. 20, 2022 2:16p
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/zigman2/quotes/203410047/composite
US : U.S.: NYSE
$ 150.46
+0.35 +0.23%
Volume: 4.83M
Jan. 20, 2022 2:16p
P/E Ratio
138.13
Dividend Yield
0.00%
Market Cap
$273.27 billion
Rev. per Employee
$354,668
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/zigman2/quotes/208081807/composite
US : U.S.: NYSE
$ 355.90
-3.79 -1.05%
Volume: 2.74M
Jan. 20, 2022 2:15p
P/E Ratio
23.79
Dividend Yield
1.85%
Market Cap
$375.60 billion
Rev. per Employee
$292,589
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/zigman2/quotes/210599714/realtime
US : S&P US
4,561.31
+28.55 +0.63%
Volume: 1.42B
Jan. 20, 2022 2:16p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
14,456.26
+116.00 +0.81%
Volume: 2.89M
Jan. 20, 2022 2:16p
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/zigman2/quotes/210034565/delayed
US : U.S.: Nymex
$ 1,841.50
-1.70 -0.09%
Volume: 212,188
Jan. 20, 2022 2:06p
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/zigman2/quotes/203165245/composite
US : U.S.: NYSE
$ 27.30
+0.02 +0.05%
Volume: 23.14M
Jan. 20, 2022 2:16p
P/E Ratio
224.69
Dividend Yield
7.62%
Market Cap
$194.81 billion
Rev. per Employee
$754,770
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/zigman2/quotes/200511275/composite
US : U.S.: Nasdaq
$ 28.11
-0.47 -1.64%
Volume: 6.93M
Jan. 20, 2022 2:16p
P/E Ratio
15.17
Dividend Yield
N/A
Market Cap
$14.24 billion
Rev. per Employee
$1.21M
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