U.S. market indexes were lower Monday. For the day, the Dow Jones Industrial Average closed at 18086.40 for a loss of -51.98 points or -0.29%. The S&P 500 was also down, closing at 2126.50 for a loss of -6.48 points or -0.30%. The Nasdaq Composite closed lower at 5199.82 for a loss of -14.34 points or -0.28%. The VIX Volatility Index was higher for the day at 16.16 for a gain of 0.04 points or 0.25%.
In the Dow Jones Industrial Average, the following stocks led losses:
McDonald's (MDC, Financial) -1.50%
Home Depot (HD, Financial) -1.05%
Procter & Gamble (PG, Financial) -0.73%
Economic reports on the calendar for the day included the Empire State Manufacturing Survey and the Industrial Production report. The Empire State Manufacturing Index fell to -6.8 from -1.99. Industrial production increased 0.1% from the previous month, just below consensus of 0.2%. On Monday, a speech from Stanley Fischer warned that continued low borrowing rates could negatively affect the economy. Markets were lower Monday with weak earnings and lower Treasury yields as investors await more insight.
A Fox Business report Monday provided more details on the election and how it could affect investors in the next few weeks.
Disclosure: I do not own any stocks included in this article.
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