The three U.S. bellwethers end on lows

All three major U.S. stock benchmarks fell, snapping their three-week win streaks
U.S. stocks lost some of that high ground from last week with a synchronized fall – yet remain in a steady and mostly uninterrupted uptrend since the beginning of the year.

The three-week win streak for the major indexes ended as data showing a fall in consumer sentiment overshadowed an earlier report on a sharp rise in retail sales, while corporate earnings reports remained mixed. However, a panic-like selling emerged on Friday afternoon as the stock market’s drop gathered steam in the last hour of trade.

As the market prepares for a post-pandemic course, a quick look under the hood reveals some important reversals. Ten-year yields are below pre-pandemic levels, big tech is back with big wins, the cyclical sectors’ rally has fizzled, market pricing suggests that inflation will quickly subside and central banks are debating policy shifts.

The frantic Friday saw the Dow Jones Industrial Average (DJI) slip marginally by 0.52%. The S&P 500 (GSPC) fell by 0.97%. Finally, the Nasdaq (IXIC) fell 1.97% to emerge as the biggest slider of the three.

To invest in the U.S.Stocks, visit: https://moneycontrol.stockal.com/landing-page and Visit https://www.moneycontrol.com/msite/global-investing for FAQs and Daily News Updates.