{"id":8982,"date":"2021-04-19T20:57:55","date_gmt":"2021-04-19T20:57:55","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/04\/19\/u-s-stocks-close-lower-as-mood-turns-cautious-after-recent-highs\/"},"modified":"2021-04-19T20:57:55","modified_gmt":"2021-04-19T20:57:55","slug":"u-s-stocks-close-lower-as-mood-turns-cautious-after-recent-highs","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/04\/19\/u-s-stocks-close-lower-as-mood-turns-cautious-after-recent-highs\/","title":{"rendered":"U.S. Stocks Close Lower As Mood Turns Cautious After Recent Highs"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> U.S. stocks closed weak on Monday, coming off historic highs hit in the previous session, as investors largely stayed cautious amid a lack of triggers, and looked ahead to more earnings news and economic data.<\/p>\n<p>Further, geopolitical concerns and worries about spikes in <span class=\"landLinks\">coronavirus<\/span> cases in several countries raised uncertainty about the pace of global economic recovery, contributing to the lackluster movements in the market.<\/p>\n<p>The major averages all ended in negative territory. The Dow ended down 123.04 points or 0.36 percent at 34,077.63. The S&amp;P 500 closed lower by 22.21 points or 0.53 percent at 4,163.26 and the tech-laden Nasdaq ended down 137.58 points or 0.98 percent at 13,914.77.<\/p>\n<p>The market&#8217;s retreat was due largely to some heavy selling in the <span class=\"landLinks\">technology<\/span> space. U.S. stocks had moved on to historic highs last week, riding on buoyant economic data and some upbeat earnings announcements.<\/p>\n<p>Coca-Cola Co. (KO) revealed earnings for first quarter that declined from the same period last year.nThe company&#8217;s profit came in at $2.25 billion, or $0.52 per share. This compares with $2.78 billion, or $0.64 per share, in last year&#8217;s first quarter. Excluding items, The Coca-Cola Company reported adjusted earnings of $2.40 billion or $0.55 per share for the period. The stock closed modestly higher.<\/p>\n<p>International Business Machines Corp. (IBM) shares rose sharply after the company reported earnings of $955 million, or $1.06 per share or the first quarter of this financial year, compared with $1175 million, or $1.31 per share, in last year&#8217;s first quarter. Analysts had expected the company to earn $1.63 per share, according to figures compiled by Thomson Reuters. <\/p>\n<p>In overseas trading, Asian stocks ended mostly higher on Monday as positive earnings updates and upbeat economic data from the United States boosted optimism about a solid global economic recovery.<\/p>\n<p>European <span class=\"landLinks\">markets<\/span> closed on a mixed note with investors largely making cautious moves, tracking quarterly earnings announcements and other corporate news for direction. <\/p>\n<\/p>\n<p>Business News<\/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 Lower As Mood Turns Cautious After Recent Highs<\/a><br \/>\n<br \/>2021-04-19 20:57:55<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stocks closed weak on Monday, coming off historic highs hit in the previous session, as investors largely stayed cautious amid a lack of triggers, and looked ahead to more&#8230;<\/p>\n","protected":false},"author":2,"featured_media":8983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":{"0":"post-8982","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\/8982","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=8982"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8982\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/8983"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=8982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=8982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=8982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}