Crude Oil Moves Higher; Owens & Minor Shares Plummet

U.S. stocks traded lower toward the end of trading, with the S&P 500 falling around 0.5% on Monday.

The Dow traded down 0.09% to 44,506.60 while the NASDAQ dipped 0.91% to 19,449.55. The S&P 500 also fell, dropping, 0.53% to 6,008.22.

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Leading and Lagging Sectors

Consumer staples shares surged by 0.7% on Monday.

In trading on Monday, information technology shares fell by 1.4%.

Top Headline

U.S. construction spending increased by 0.5% month-over-month to an annual rate of $2,192 billion in December following a revised 0.2% gain in November.

Equities Trading UP
                       

Equities Trading DOWN

Commodities

In commodity news, oil traded up 0.6% to $72.95 while gold traded up 0.8% at $2,857.30.

Silver traded up 0.8% to $32.530 on Monday, while copper rose 1% to $4.3195.

Euro zone

European shares were lower today. The eurozone's STOXX 600 fell 0.87%, Germany's DAX 40 dipped 1.40% and France's CAC 40 declined 1.20%. Spain's IBEX 35 Index fell 1.32%, while London's FTSE 100 fell 1.04%.

Asia Pacific Markets

Asian markets closed lower on Monday, with Japan's Nikkei 225 dipping 2.66%, Hong Kong's Hang Seng Index fell 0.04% and India's BSE Sensex falling 0.41%.

Economics

  • U.S. construction spending increased by 0.5% month-over-month to an annual rate of $2,192 billion in December following a revised 0.2% gain in November.
  • The ISM manufacturing PMI for the US climbed to 50.9 in January versus a revised reading of 49.2 in December and topping estimates of 49.8.
  • The S&P Global manufacturing PMI rose to 51.2 in January, versus a preliminary reading of 50.1 and compared to 49.4 in December.

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