Shares of DXC Technology Co. DXC, -0.20% dropped 0.20% to $30.50 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.00% rising 0.00% to 32,945.24 and the S&P 500 Index SPX, -0.74% falling 0.74% to 4,173.11. The stock’s fall snapped a two-day winning streak. DXC Technology Co. closed $13.68 below its 52-week high ($44.18), which the company achieved on August 3rd.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Microsoft Corp. MSFT, -1.30% fell 1.30% to $276.44, Accenture PLC Cl A ACN, -1.25% fell 1.25% to $307.68, and International Business Machines Corp. IBM, -0.02% fell 0.02% to $123.94. Trading volume (2.0 M) remained 224,808 below its 50-day average volume of 2.2 M.
Federal Reserve Chair Jerome Powell is returning to the spotlight this week, with investors anticipating he will begin raising interest rates from near zero to cool inflation being stoked even hotter by Russia’s attack on Ukraine – a step he’d be taking amid heightened market volatility.
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