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Wall Street mixed as tax hikes, inflation data looms

Published by
Reuters

By Stephen Culp NEW YORK (Reuters) – Wall Street stocks wavered on Monday, struggling to regain ground lost in last week’s bruising sell-off, but economically sensitive shares rose as investors focused on potential corporate tax hikes and upcoming economic data. The three major U.S. indexes were mixed, with the bellwether S&P 500 index essentially flat as it flirts with the prospect of extending its five-day losing streak. But while the Dow Jones Industrial Average was green, market leading tech and tech-adjacent shares pulled the Nasdaq Composite Index into the red. Investors favored value st…

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