The Dow Jones Industrial Average closed at 25,017.44 on Monday with a loss of 395.78 points or -1.56%. The S&P 500 closed at 2,690.73 for a loss of 45.54 points or -1.66%. The Nasdaq Composite closed at 7,028.48 for a loss of 219.40 points or -3.03%. The VIX Volatility Index was higher at 20.17 for a gain of 2.03 points or 11.19%.
Monday’s market movers
Technology stocks sold off Monday and a lower housing market report also contributed to the day’s losses. Meanwhile, Treasuries saw an increase in prices with yields falling slightly.
In the S&P 500, technology, consumer discretionary and industrials led losses. Valuations in technology continued to weaken as the sector shows deflation from bull market highs. Bitcoin’s price also fell below $5,000 on Monday, affecting many financial technology companies.
Economic reports included the following:
- The NAHB Housing Market Index decreased to 60 in November from 68.
- The Treasury held auctions for three-month bills at a rate of 2.345% and six-month bills at a rate of 2.455%.
In the Dow Jones Industrial Average, the following stocks led losses:
- Boeing (BA, Financial) -4.47%
- Apple (AAPL, Financial) -3.96%
- Visa (V, Financial) -3.87%
- Microsoft (MSFT, Financial) -3.39%
Small-cap stocks
In small caps, the Russell 2000 closed at 1,496.54 for a loss of 30.99 points or -2.03%. The S&P 600 closed at 945.74 for a loss of 15.70 points or -1.63%. The Dow Jones Small-Cap Growth TSM Index closed at 9,275.97 for a loss of 224.88 points or -2.37%. The Dow Jones Small-Cap Value TSM Index closed at 9,622.95 for a loss of 62.43 points or -0.64%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,839.00 for a loss of 26.40 points or -1.42%; the S&P 100 at 1,193.49 for a loss of 20.24 points or -1.67%; the Russell 3000 at 1,583.61 for a loss of 28.15 points or -1.75%; the Russell 1000 at 1,485.54 for a loss of 26.07 points or -1.72%; the Wilshire 5000 at 27,702.31 for a loss of 503.88 points or -1.79%; and the Dow Jones U.S. Select Dividend Index at 693.43 for a loss of 1.69 points or -0.24%.
