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Julie Young
Julie Young
Articles (1177) 

US Market Indexes Close With Losses Monday

Nasdaq falls 1.46% as tech companies suspend business with Huawei following new US restrictions

The Dow Jones Industrial Average closed at 25,679.90 on Monday with a loss of 84.10 points or -0.33%. The S&P 500 closed at 2,840.23 for a loss of 19.30 points or -0.67%. The Nasdaq Composite closed at 7,702.38 for a loss of 113.91 points or -1.46%. The VIX Volatility Index was higher at 16.30 for a gain of 0.34 points or 2.13%.

Monday’s market movers

Stocks closed lower to start the week on Monday with risk appetite down. Alphabet's Google (NASDAQ:GOOG) (NASDAQ:GOOGL), Intel (NASDAQ:INTC) and other chipmakers reported they were ending some business with Huawei due to the new U.S. restrictions. For the week ahead, investors will be watching the last of first-quarter earnings reports from U.S. retailers. Target (NYSE:TGT), Best Buy (NYSE:BBY), Lowe’s (NYSE:LOW) and Home Depot (HD) are all scheduled to report.

Treasuries were also lower for the day as trade tensions affected both equity and fixed income. Treasury prices saw marginal decreases with the 10-year Treasury note’s price falling -2/32 to a yield of 2.417%.

Economic reports affecting market trading included the following:

  • The Chicago Fed National Activity Index decreased to -0.45 in April from 0.05.
  • The Treasury held auctions for three-month bills at a rate of 2.335% and 6-month bills at a rate of 2.340%.

In the Dow Jones Industrial Average, the following stocks led losses:

Small-cap stocks

In small caps, the Russell 2000 closed at 1,524.96 for a loss of 10.80 points or -0.70%. The S&P 600 closed at 928.23 for a loss of 6.33 points or -0.68%. The Dow Jones Small-Cap Growth TSM Index closed at 9,696.67 for a loss of 76.25 points or -0.78%. The Dow Jones Small-Cap Value TSM Index closed at 9,434.08 for a loss of 48.85 points or -0.52%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,875.69 for a loss of 13.71 points or -0.73%; the S&P 100 at 1,258.85 for a loss of 8.56 points or -0.68%; the Russell 3000 at 1,672.09 for a loss of 11.84 points or -0.70%; the Russell 1000 at 1,572.77 for a loss of 11.13 points or -0.70%; the Wilshire 5000 at 29,185.16 for a loss of 205.98 points or -0.70%; and the Dow Jones U.S. Select Dividend Index at 696.41 for a loss of 3.24 points or -0.46%.

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About the author:

Julie Young
Julie Young is a financial writer with comprehensive experience in the financial services industry. She writes about investments, investment products, financial market news and economic trends. Julie has a Master of Science in finance from Boston College and a Bachelor of Science in finance from the University of Arkansas.

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