Wall St. opens lower after last week's rally
- 8 years ago
Wall Street started the week on a negative note on Monday, dragged down by financial and technology stocks, after last week's rally.
An upbeat jobs report on Friday helped push the S&P 500 and the Dow Jones industrial average to their first four-day winning streak in about five months.
The data suggested the economy was recovering.
However, the report was not strong enough for the Federal Reserve to consider an immediate increase in interest rates.
The Dow closed above 17,000 on Friday for the first time since January, while the S&P was just shy of 2,000, levels that traders consider psychologically important.
An upbeat jobs report on Friday helped push the S&P 500 and the Dow Jones industrial average to their first four-day winning streak in about five months.
The data suggested the economy was recovering.
However, the report was not strong enough for the Federal Reserve to consider an immediate increase in interest rates.
The Dow closed above 17,000 on Friday for the first time since January, while the S&P was just shy of 2,000, levels that traders consider psychologically important.