by Stephen Culp
NEW YORK, June 27 (Reuters) – The New York Stock Exchange ended lower on Monday, with no catalyst to extend the previous week’s strong rebound as concerns about inflation and policy tightening Federal Reserve monetary policy have not gone away.
The Dow Jones Industrial Average fell 0.2%, or 62.42 points, to 31,438.26 points.
The broader S&P-500 fell 11.63 points, or 0.30%, to 3,900.11 points.
The Nasdaq Composite fell for its part by 96.06 points (-0.83%) to 11,511.57 points.
As the end of June approaches, these three major indices look set to register a second consecutive quarterly decline for the first time since 2015.
Sensitive to the evolution of interest rates, the digital giants, which fueled the rebound last week, this time weighed on the image trend of Amazon (-2.78%), Microsoft ( -1.05%) or Alphabet (-1.82%).
The rise in oil prices, on the other hand, benefited the energy sector, in which Exxon Mobil (+2.45%) and Chevron (+1.93%).
The airline Spirit Airlines fell 7.95% after recommending that its shareholders accept the takeover offer from Frontier Group Holdings (-11.2%), to the detriment of that of JetBlue Airways (+1, 62%).
(Stephen Culp report, with Shreyashi Sanyal and Amruta Khandekar in Bangalore, French version Bertrand Boucey)