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Maroc Maroc - WN.COM - World - 25/Aug 23:06

Stocks waver on Wall Street after last week's rally

Stocks wavered in afternoon trading on Wall Street Monday, after a big jump last week on hopes for interest rate cuts from the Federal Reserve. The S&P 500 was down 0.2%, hovering around its all-time high. The Dow Jones Industrial Average fell 279 points, or 0.6% as of 2:04 p.m. Eastern time, pulling back from the record it set on Friday. The Nasdaq composite rose 0.2%. Gains for several big technology stocks helped offset broader losses in the market. Alphabet, Google's parent company, rose 1.8%. Technology heavyweight Nvidia rose 1.8%. Keurig Dr Pepper sank 9.6% after saying it will buy Peet’s Coffee owner JDE Peet’s in a deal worth about $18 billion. Railroad stocks fell...

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