{"id":8779,"date":"2021-04-12T20:53:32","date_gmt":"2021-04-12T20:53:32","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/04\/12\/u-s-stocks-close-weak-ahead-of-earnings-crucial-economic-data\/"},"modified":"2021-04-12T20:53:32","modified_gmt":"2021-04-12T20:53:32","slug":"u-s-stocks-close-weak-ahead-of-earnings-crucial-economic-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/04\/12\/u-s-stocks-close-weak-ahead-of-earnings-crucial-economic-data\/","title":{"rendered":"U.S. Stocks Close Weak Ahead Of Earnings, Crucial Economic Data"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> U.S. stocks ended lower on Monday with investors largely making cautious moves as they looked ahead to earnings season and the release of some crucial economic data this week.<\/p>\n<p>Despite the pace of vaccination gathering momentum in the U.S., worries about a surge in <span class=\"landLinks\">coronavirus<\/span> cases in several countries across the world and likelihood of fresh lockdown measures at several places weighed on sentiment.<\/p>\n<p>A lack of fresh triggers after the market rose to record highs last week contributed as well to the somewhat sluggish movements in the market.<\/p>\n<p>The major averages all ended in negative territory although the downside was not any significantly pronounced. The Dow ended down 55.20 points or 0.16 percent at 33,745.40. The S&amp;P 500 edged down 0.81 points or 0.02 percent to settle at 4,127.99 and the tech-laden Nasdaq settled lower by 50.19 points or 0.36 percent at 13,850.00.<\/p>\n<p>Data on inflation, retail sales and industrial production are due out this week. Fed&#8217;s Beige Book, a compilation of economic evidence from the twelve Fed districts also is scheduled this week.<\/p>\n<p>On the results front, major banks including Citigroup (C), JP Morgan (JPM), Bank of America (BAC), Wells Fargo (WFC) and Goldman Sachs (GS) are scheduled to report their first-quarter earnings this week.<\/p>\n<p>Nuance Communications (NUAN) shares rose sharply after Microsoft said it will buy the speech-recognition firm for $19.7 billion, aiming to boost its foray into the healthcare sector.<\/p>\n<p>Tesla Inc (TSLA) share gained about 4 percent, lifted by a rating upgrade by Canaccord. <\/p>\n<p>Wilhelmina shares soared nearly 36 percent. Shares of Celcuity and Lucira Health Inc. shares surged up nearly 30 percent and 27 percent, respectively.<\/p>\n<p>Intel Corporation (INTC) shed more than 4%. Carnival Corporation (CCL) and ViacomCBS In (VIAC) also declined sharply.<\/p>\n<p>In overseas trading, Asian stocks ended lower on Monday, weighed down by a sharp rise in coronavirus infections in the region and likely restrictions on economic activity. The major <span class=\"landLinks\">markets<\/span> in the region, India, China and Japan, all ended sharply lower.<\/p>\n<p>European stocks ended weak with investors largely making cautious moves after recent rise, and on concerns about a surge in coronavirus cases in several parts of Asia. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>U.S. Stocks Close Weak Ahead Of Earnings, Crucial Economic Data<\/a><br \/>\n<br \/>2021-04-12 20:53:32<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stocks ended lower on Monday with investors largely making cautious moves as they looked ahead to earnings season and the release of some crucial economic data this week. Despite&#8230;<\/p>\n","protected":false},"author":2,"featured_media":8780,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":{"0":"post-8779","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-us-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=8779"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8779\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/8780"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=8779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=8779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=8779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}