The Dow Jones Industrial Average closed at 24,252.80 on Monday with a loss of -328.09 points or -1.33%. The S&P 500 closed at 2,717.07 for a loss of -37.81 points or -1.37%. The Nasdaq Composite closed at 7,532.01 for a loss of -160.81 points or -2.09%. The VIX Volatility Index was higher at 17.34 for a gain of 3.57 points or 25.93%.
Monday’s market movers
Trade conflicts internationally affected market valuations on Monday as President Trump announced he plans to block technology exports to China. The new announcement deepens the trade war with China and adds to the negotiations and agreements with other global countries.
In the S&P 500, consumer discretionary, technology and energy led losses. Top detractors for the day included Netflix (NFLX, Financial), Kodak (KODK, Financial) and Square (SQ, Financial).
Economic reports affecting market trading included the following:
- The Chicago Fed National Activity Index decreased to -0.15 from 0.34.
- New home sales increased to a seasonally adjusted annual rate of 689,000.
In the Dow Jones Industrial Average, the following stocks led losses:
- Intel (INTC, Financial) -3.41%
- Visa (V, Financial) -3.25%
- McDonald's (MCD, Financial) -2.88%
- Caterpillar (CAT, Financial) -2.40%
- General Electric (GE, Financial) -2.30%
Small-cap stocks
In small-caps, the Russell 2000 closed at 1,657.51 for a loss of -28.07 points or -1.67%. The S&P 600 closed at 1,025.84 for a loss of -16.73 points or -1.60%. The Dow Jones Small-Cap Growth TSM Index closed at 10,198.43 for a loss of -211.80 points or -2.03%. The Dow Jones Small-Cap Value TSM Index closed at 10,436.05 for a loss of -120.00 points or -1.14%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,960.90 for a loss of -28.71 points or -1.44%; the S&P 100 at 1,191.80 for a loss of -17.90 points or -1.48%; the Russell 3000 at 1,619.78 for a loss of -23.62 points or -1.44%; the Russell 1000 at 1,509.63 for a loss of -21.71 points or -1.42%; and the Dow Jones U.S. Select Dividend Index at 699.59 for a loss of -1.43 points or -0.20%.
