U.S. stocks closed lower on Monday, slipping from last week's record levels, as investors awaited guidance from first-quarter earnings to justify high valuations, while Tesla Inc shares fell after a fatal car crash.
The three main Wall Street indexes ended Friday higher for the day and week, with the S&P 500 (.SPX) and the Dow (.DJI) breaking closing records, as investors took strong economic data and bank earnings as signs of momentum in the U.S. pandemic recovery.
A multi-billionaire, who’s a trustee at Fuller Seminary and has given millions to Christian ministries and schools, has lost his fortune in a matter of days and now is at the center of a major Wall Street fiasco.