US closes mostly lower on data, pandemic news

Monday, 02. August 2021 22:00

Equities on Wall Street closed mostly lower on Monday, as investors looked at how the latest economic data reports and coronavirus news shaped markets. Data showed that manufacturing activity grew in July, despite falling below expectations in some cases, while construction spending increased for June. Meanwhile, New York Governor asked businesses to only serve vaccinated clients, while the United States Centers for Disease Control and Prevention unveiled that 70% of adults in the country received at least one shot of the COVID-19 vaccine.

In business, Google announced they will start making their own smartphone processors, while Ford asserted it intends to invest more money into electric vehicles rather than gas-powered ones. On infrastructure, Senate Minority Leader said he welcomed a "robust" debate on the floor.

The Dow Jones closed 0.28% in the red, with Visa dropping 2.68%. The Nasdaq 100 ended flat. The S&P 500 finished 0.18% lower, as Global Payments plummeted 11.18%. The euro stood flat against the dollar trading for 1.18708 at 4:04 pm ET.

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