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US Stocks Tumble: Dow Dips, S&P 500 Falls
20 Jul
Summary
- Dow Jones Industrial Average declined 0.59% on Monday.
- Healthcare, Consumer Goods, and Industrials sectors led losses.
- Oracle Corporation shares hit 52-week lows, dropping 3.99%.
U.S. stock markets closed lower on Monday, as the Healthcare, Consumer Goods, and Industrials sectors registered significant declines. The Dow Jones Industrial Average saw a dip of 0.59%, while the S&P 500 index fell by 0.19%, and the NASDAQ Composite experienced a slight decrease of 0.05%.
Several major companies faced downward pressure. Merck & Company Inc. fell 2.42%, and Boeing Co. was down 2.13%. On the S&P 500, Enphase Energy Inc. dropped 5.08%, and Oracle Corporation shares hit a 52-week low, closing down 3.99%.
In contrast, some technology stocks showed resilience. Microsoft Corporation rose 2.15% on the Dow Jones. On the NASDAQ Composite, Cheche Group Inc. and Zhengye Biotechnology Holding Ltd. saw extraordinary gains, surging over 1,000% and 3,000% respectively.
The CBOE Volatility Index decreased by 0.64% to 18.65. In commodity markets, Gold Futures declined slightly, while crude oil prices saw modest increases. The US Dollar Index Futures rose by 0.20%.
