These 2 Big Deals Weren't Enough to Save the Stock Market Monday
It's always hard to come back to work after a long weekend, and Wall Street seemed to have the same sort of post-Thanksgiving malaise that many workers faced on Monday morning. Even though markets have fared extremely well during the month of November, they don't look like they're likely to carry that positive momentum forward into the final month of the year.
As of 11:30 a.m. EST, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 381 points to 29,529. The S&P 500 (SNPINDEX: ^GSPC) fell 32 points to 3,606, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 74 points to 12,132.
Yet even as most of the market went through a rough ride on Monday morning, a couple of major deals got a lot of attention. A merger involving S&P Global (NYSE: SPGI) and IHS Markit (NYSE: INFO) produced gains for both companies, as did the debut of SPAC-inspired QuantumScape (NYSE: QS) on the public stock markets.
Source Fool.com
