The Dow Jones Industrial Average closed at 26,787.36 on Monday with a loss of 29.23 points or -0.11%. The S&P 500 closed at 2,966.15 for a loss of 4.12 points or -0.14%. The Nasdaq Composite closed at 8,048.65 for a loss of 8.39 points or -0.10%. The VIX Volatility Index was lower at 14.83 for a loss of 0.75 points or -4.81%.
Monday’s market movers
U.S. stocks traded mostly flat on Monday with bond markets closed for the Columbus Day holiday. Investors showed some skepticism over the terms of Friday’s phase one China trade deal with reports suggesting significantly more negotiation needed for a final agreement. Negotiators are reportedly looking to a target deadline of next month with a potential agreement to be signed at the Asia-Pacific Economic Cooperation Summit in Chile.
Federal government offices were closed due to the Columbus Day holiday with no reports on the economic calendar. In the S&P 500, utilities led losses and financials led gains. In the Dow Jones Industrial Average, the following stocks led losses and gains:
- Cisco (CSCO, Financial) -1.17%
- Procter & Gamble (PG, Financial) -0.96%
- 3M (MMM, Financial) 1.61%
- Nike (NKE, Financial) 1.09%
Small-cap stocks
In small caps, the Russell 2000 closed at 932.17 for a loss of 3.43 points or -0.37%. The S&P 600 closed at 1,505.43 for a loss of 6.47 points or -0.43%. The Dow Jones U.S. Small-Cap Growth Index closed at 9,600.50 for a loss of 42.45 points or -0.44%. The Dow Jones U.S. Small-Cap Value Index closed at 9,265.28 for a loss of 29.99 points or -0.32%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,909.03 for a loss of 7.54 points or -0.39%; the S&P 100 at 1,314.56 for a loss of 1.21 points or -0.092%; the Nasdaq 100 at 7,842.33 for a loss of 1.54 points or -0.020%; the Russell 3000 at 1,735.82 for a loss of -17.45 points or -1.02%; the Russell 1000 at 1,638.59 for a gain of 16.10 points or 0.99%; the Wilshire 5000 at 30,285.77 for a loss of 48.34 points or -0.16%; and the Dow Jones U.S. Select Dividend Index at 718.03 for a loss of 2.98 points or -0.41%.
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