U.S. market indexes were lower Monday. For the day, the Dow Jones Industrial Average closed at 18120.17 for a loss of -3.63 points, or -0.02%. The S&P 500 was also lower, closing at 2139.12 for a loss of -0.04 points, or -0.01%. The Nasdaq Composite closed lower at 5235.03 for a loss of -9.54 points, or -0.18%. The VIX Volatility Index was higher at 15.57 for a gain of 0.20 points, or 1.30%.
In the Dow Jones Industrial Average, the following stocks led losses:
Intel (INTC, Financial) -1.35%
Verizon (VZ, Financial) -1.29%
Apple (AAPL, Financial) -1.17%
Wal-Mart (WMT, Financial) -1.07%
Pfizer (PFE, Financial) -0.88%
Stocks traded mostly lower on Monday with only the Housing Market Index on the economic calendar. The National Association of Home Builders’ Housing Market Index increased to 65 for the month. The Index was above consensus of 60 and up from 59 in the previous month.
On Monday, investors watched oil prices and indicators for central bank policy at the Federal Reserve and Bank of Japan. Oil prices gained slightly with optimism about OPEC’s unofficial meeting later this month. Indicators pointed to a potential increase in the federal funds rate from the Federal Reserve at its meeting this week. Meanwhile, Treasury prices gained and yields fell as the Bank of Japan’s negative central bank borrowing rate affects could cause further losses in yield for the credit markets.
In a CNBC report Monday, market specialists discussed the day’s top stocks and leading market factors.
Disclosure: I do not own any stocks included in this article.
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