Technology stocks led the decline on Wall Street once again on Monday following a volatile week amid inflation jitters.
 | MON, MAY 17, 2021 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 126.27 | -1.18 | -0.93% | | MSFT | 245.18 | -2.97 | -1.20% | | VZ | 57.94 | -0.75 | -1.28% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | T | 31.37 | -0.87 | -2.70% | | DISCA | 33.85 | -1.80 | -5.05% | | GE | 13.15 | -0.11 | -0.83% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 126.27 | -1.18 | -0.93% | | AMD | 74.65 | +0.06 | +0.08% | | TSLA | 576.83 | -12.91 | -2.19% | |
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Technology stocks led the decline on Wall Street once again on Monday following a volatile week amid inflation jitters. The Dow Jones Industrial Average fell 54 points, as Home Depot and Boeing weighed on the blue-chip index. The S&P 500 lost 0.3% as the tech sector pulled back more than 0.7%. The Nasdaq Composite fell 0.3%. Big Tech came under pressure to start the week, with Apple and Netflix down 0.9% each and Google-parent Alphabet shedding 0.5%.  Traders have punished the technology sector in recent weeks amid a broader shift out of growth stocks and into cyclical, reopening trades in energy, financials and materials. One of the biggest laggards on Monday was Tesla, whose shares slid 2%. The weakness came as famed investor Michael Burry revealed a bet against the electric car maker, in a regulatory filing. Tesla has had a turbulent 2021 amid slumping sales in China in April, and parts shortages that have impeded production both in the U.S. and China. The stock has dropped nearly 19% this month alone. |
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