Nasdaq Tumbles Over 300 Points; Chicago PMI Rises In March

U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 300 points on Monday.

Following the market opening Monday, the Dow traded down 0.27% to 41,473.52 while the NASDAQ fell 1.87% to 16,998.79. The S&P 500 also fell, dropping, 0.91% to 5,530.01.

Check This Out: Jim Cramer: Stryker Is A ‘Good’ Company, Says He Likes This Utilities Stock

Leading and Lagging Sectors

Energy shares jumped by 1.1% on Monday.

In trading on Monday, consumer discretionary shares fell by 2.1%.

Top Headline

The Chicago PMI climbed to 47.6 in March from 45.5 in the previous month and topping market estimates of 45.2.

Equities Trading UP
                       

Equities Trading DOWN

Commodities

In commodity news, oil traded up 1.5% to $70.41 while gold traded up 1% at $3,146.50.

Silver traded down 0.7% to $34.58 on Monday, while copper fell 2% to $5.0275.

Euro zone

European shares were lower today. The eurozone's STOXX 600 declined 1.5%, Germany's DAX 40 fell 1.5% and France's CAC 40 declined 1.5%. Spain's IBEX 35 Index fell 1.5%, while London's FTSE 100 fell 1%.

Asia Pacific Markets

Asian markets closed lower on Monday, with Japan's Nikkei 225 falling 4.05%, China's Shanghai Composite Index declining 0.46% and Hong Kong's Hang Seng Index dipping 1.31%.

Economics

The Chicago PMI climbed to 47.6 in March from 45.5 in the previous month and topping market estimates of 45.2.

Now Read This:

Photo: Shutterstock

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.