The US stocks finished session mostly lower on Monday, 02 August 2021, after relinquishing early gains, as persistent concerns about the spread of the delta variant of the coronavirus and a slowing U. S. economy after weaker than expected manufacturing activity data overshadowed optimism from a $1 trillion infrastructure bill and strong second-quarter corporate earnings.
At the close of trade, the Dow Jones Industrial Average index declined 97.31 points, or 0.28%, to 34,838.16. The S&P 500 index decreased 8.10 points, or 0.18%, to 4,387.16. The tech-heavy Nasdaq Composite Index was up 8.39 points, or 0.06%, to 14,681.07.
Total 7 of 11 S&P 500 sectors declined, with materials (down 1.17%) sector was worst performer, followed by industrials (down 0.72%), energy, (down 0.71%), and information technology (down 0.37%) sectors, while utilities (up 0.75%), was top gainer, followed by consumer discretionary (up 0.28%) sector.
Top five advancing stocks were Ever-Glory International Group Inc. (up 124.8%), Dolphin Entertainment Inc. (up 55.9%), Infinity Pharmaceuticals Inc. (up 35.2%), Atlas Technical Consultants Inc. (up 27.9%), and 1stdibs.com Inc. (up 27.4%), while bottom five declining stocks included E-Home Household Service Holdings (down 28.3%), Immunovant Inc. (down 26%), OptimumBank Holdings Inc. (down 23.2%), TG Therapeutics Inc. (down 21.6%), and EVgo Inc. Cl A (down 16.2%).
