The Dow Jones Industrial Average closed at 25,187.70 on Monday with a loss of -125.44 points or -0.50%. The S&P 500 closed at 2,821.93 for a loss of -11.35 points or -0.40%. The Nasdaq Composite closed at 7,819.71 for a loss of -19.40 points or -0.25%. The VIX Volatility Index was higher at 14.75 for a gain of 1.59 points or 12.08%.
Monday’s market movers
Turkey’s currency crisis continued to cause losses in U.S. equities on Monday. The currency is now trading at more than 7 lira per dollar as the country struggles with inflation and monetary policy issues. Oil prices were also lower Monday, causing losses in energy stocks. For the day, the energy sector led losses in the S&P 500 with a decrease of -1.28%. Health care and utilities were the only sectors to report gains.
There were no major reports on the economic calendar Monday. The Treasury held auctions for three-month and six-month bills at the following rates: three-month 2.030%, six-month 2.180%.
In the Dow Jones Industrial Average, the following stocks led losses:
- General Electric (GE, Financial) -2.51%
- DowDuPont (DWDP, Financial) -1.71%
- JPMorgan (JPM, Financial) -1.59%
Small-cap stocks
In small-caps, the Russell 2000 Index closed at 1,675.32 for a loss of -11.49 points or -0.68%. The S&P 600 closed at 1,055.82 for a loss of -5.73 points or -0.54%. The Dow Jones Small-Cap Growth TSM Index closed at 10,397.67 for a loss of -76.67 points or -0.73%. The Dow Jones Small-Cap Value TSM Index closed at 10,481.87 for a loss of -59.44 points or -0.56%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,984.94 for a loss of -11.08 points or -0.56%; the S&P 100 at 1,250.57 for a loss of -4.90 points or -0.39%; the Russell 3000 at 1,676.34 for a loss of -7.35 points or -0.44%; the Russell 1000 at 1,565.45 for a loss of -6.54 points or -0.42%; and the Dow Jones U.S. Select Dividend Index at 710.67 for a loss of -1.50 points or -0.21%.
