About: http://data.cimple.eu/news-article/d68737a39cd026fc33585aa0bf9dc71468e468e7e01f58f16604afec

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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	US stock indices closed lower in the first trading session of the week on Monday, with tech stocks hit hardest by investors' fears of rising inflation. Indices endured whipsaw trading last week, falling for the first three sessions before finishing on Friday strongly higher, though they were down overall for the week. That enthusiasm was not apparent on Monday, and the benchmark Dow Jones Industrial Average finished 0.2 percent lower 34,327.79. The tech-rich Nasdaq Composite Index fell 0.4 percent to 13,379.05, while the broad-based S&P 500 lost 0.3 percent to 4,163.29. "The market was slow and mixed," said Peter Cardillo of Spartan Capital Securities, pointing to gains in the energy, metals and banking sectors. However, tech companies saw their shares fall, with Netflix and Apple both losing 0.9 percent, dragging markets down with them. Concerns about inflation were the culprit, Cardillo said, after the government last week reported prices rose in April at their highest year-on-year rate since 2008. This raised fears that the Federal Reserve could raise low interest rates that have benefited tech companies sooner than expected. "The Fed continues to talk down inflation, saying it's a sign of economic strength and activity, but the question is how much inflation is good for the economy," he said. Microsoft closed 1.2 percent lower following a report that founder Bill Gates left the company's board in 2020 during an investigation of the billionaire founder's relationship with a female employee. AT&T closed down 2.7 percent after agreeing to spin off its media companies, including HBO and CNN, to Discovery Network. Discovery finished 3.1 percent higher. cs/ft
schema:headline	Wall Street indices close lower as tech continues to hurt
schema:mentions	Discovery Channel S&P 500 Index HBO World energy consumption Dow Jones Industrial Average Federal Reserve Inflation Billionaire Apple Inc. Netflix Microsoft CNN Bill Gates Whipsaw Stock market index NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-05-17 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	62 (xsd:integer)
http://data.cimple...tology#hasEmotion	sadness

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