here’s-what-happened-to-the-stock-market-on-monday

Here’s what happened to the stock market on Monday

The New York Stock Exchange (NYSE) stands in lower Manhattan on May 18, 2020 in New York City. Markets surged today as promising details of a potential COVID-19 vaccine were released and more European countries gradually re-opened after months of lockdown.

Spencer Platt | Getty Images

Dow Jones Industrial Average falls 86 points, but S&P rises

Short of a record once again

The S&P 500 made another run at its Feb. 19 record on Monday, but fell short once more. “The S&P 500 is overbought into key resistance and up against seasonal headwinds,” said one analyst. should the market “consolidate from here, we’ll be monitoring for an accumulation of cyclical equities to confirm what we expect to be a breakout to a new high.” These struggles come amid a stalemate among lawmakers over a new coronavirus stimulus package.

Barrick Gold jumps and tech leads

What happens next?

Home Depot and Walmart are among the companies set to report earnings on Tuesday.

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