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Stocks Dip as Consumers, Utilities Lead Losses
1 Sep
Summary
- Major US stock indices closed lower on Monday.
- Consumer Services, Utilities, and Industrials sectors led declines.
- Chevron, Walmart, and NVIDIA saw gains on the Dow Jones.
U.S. stock markets concluded Monday's trading session with notable declines across major indices. The Dow Jones Industrial Average fell by 0.70%, the S&P 500 decreased by 0.33%, and the NASDAQ Composite saw a slight dip of 0.12%.
The downturn was largely attributed to significant losses within the Consumer Services, Utilities, and Industrials sectors. However, some individual stocks managed to buck the trend. On the Dow Jones, Chevron Corp, Walmart Inc, and NVIDIA Corporation reported gains.
The S&P 500 featured top performers such as CrowdStrike Holdings Inc and Tesla Inc, while the NASDAQ Composite saw substantial increases from Nexalin Technology Inc and Antelope Enterprise Holdings Ltd. Conversely, several companies experienced steep drops, with Edison International and PG&E Corp on the S&P 500, and FingerMotion Inc on the NASDAQ Composite seeing significant percentage losses.
