Wall Street Closes in Red

The main indices of the New York Stock Exchange (NYSE) ended Monday lower, starting the week with a negative performance after two consecutive record-breaking sessions in Wall Street last week.

This comes amid increased concerns about the rising number of Coronavirus cases, however, the market remains supported by the anticipation of increased government spending as the new administration takes over.

The Dow Jones Industrial Average closed lower by 89.28 points, or 0.3%, at 31,008.69 points

The S&P 500 index lost 25.07 points, or 0.7%, to finish at 3,799.61 points.

Meanwhile, the Nasdaq Composite lost 165.54 points, or 1.3%, to end Monday’s trading session at 13,036.43 points.