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VOL. 46 | NO. 19 | Friday, May 13, 2022
Stocks end mostly lower, extending losing streak for S&P 500
NEW YORK (AP) — Stocks ended another wobbly day mostly lower on Wall Street Monday, extending a losing streak for markets.
The S&P 500 couldn't hold on to an afternoon gain and ended down 0.4%. The benchmark index is coming off a six-week losing streak.
Tech companies were among the biggest losers, pulling the Nasdaq down 1.2%. The Dow Jones Industrial Average ended barely in the green.
Spirit Airlines jumped after JetBlue said it would make a hostile offer for the budget carrier.
ManTech surged after investment firm Carlyle Group said it will buy the defense contractor. Bond yields fell.