Stock market news live updates: Stocks start week lower as investors ponder Fed's rate path
U.S. equities declined on Monday as traders assessed the future for interest rates in the wake of January's wildly positive jobs report and
dealt with yet another potpourri of earnings.The Dow Jones Industrial Average (DJI) dipped down little by 40 points, or 0.1%,
while the S&P 500 (GSPC) finished down 0.6%. The heavily tech-focused Nasdaq Composite (IXIC) fell 1%.
The latest technology company to announce layoffs, Dell Technologies (DELL) announced Monday that it would lose about 6,650 employees,
or roughly 5% of its global workforce. On Monday, shares dropped 3%. Co-Chief Operating Officer Jeff Clarke stated in a note to staff that
The business is dealing with market conditions that "continue to degrade with an uncertain future."
Bed Bath & Beyond (BBBY) shares rose as high as 115% in other stock movements, reaching above $6.50 as the meme stock's recent rise gathers steam.
In other parts of the market, the US dollar increased slightly for a third day in a row after rising 1% on Friday after the release of the jobs report.
West Texas Intermediate (WTI) crude increased in price, up 1.4% to $74.40 a barrel.
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