US Stocks Decline Amid Losses in Key Sectors

Strategic Insights -

US stocks closed lower on Monday after losses in the Oil&Gas, Basic Materials, and Industrials sectors led shares lower. The Dow Jones Industrial Average fell 0.26%, while the S&P 500 index declined 0.39%, and the NASDAQ Composite index dropped 0.34%. Despite the decline, some stocks rose to new highs, including Walt Disney Company, which added 0.63% or 0.73 points to end at 115.70, and shares in 6D Global Technologies Inc rose to 52-week highs, increasing 28.04% or 2.10 to 9.59.

Key Takeaways:

  • The Dow Jones Industrial Average declined 0.26%, with Wal-Mart Stores Inc (NYSE:WMT) being the best performer, rising 0.93% or 0.67 points to trade at 72.53.
  • The S&P 500 index fell 0.39%, with Johnson Controls Inc (NYSE:JCI) leading the pack, increasing 2.22% to 50.54.
  • The NASDAQ Composite index dropped 0.34%, with Versartis Inc (NASDAQ:VSAR) being the top performer, rising 29.41% to 18.92.
  • Shares in National Oilwell Varco Inc (NYSE:NOV) fell to 3-year lows, losing 4.98% or 2.36 to 45.06.
  • The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 1.31% to 17.01.
  • Gold for August delivery was up 0.09% or 1.10 to $1168.90 a troy ounce, while Crude oil for delivery in August fell 4.93% or 2.73 to hit $52.80 a barrel.

Statistics:

  • Dow Jones Industrial Average declined 0.26% to 27210.63.
  • S&P 500 index fell 0.39% to 2940.12.
  • NASDAQ Composite index dropped 0.34% to 7984.21.
  • Versartis Inc (NASDAQ:VSAR) rose 29.41% to 18.92.
  • Johnson Controls Inc (NYSE:JCI) increased 2.22% to 50.54.
  • CBOE Volatility Index up 1.31% to 17.01.

Sources:

  • ADS Securities press release dated June 2023.