US Stocks Pare Losses; Pinduoduo Shares Spike Higher

U.S. stocks pared losses toward the end of trading, with the Dow Jones dropping just 40 points on Monday.

The Dow traded down 0.13% to 32,241.09 while the NASDAQ fell 0.52% to 12,078.93. The S&P 500 also fell, dropping, 0.15% to 4,051.60.

Also check this: Market Volatility Rises Sharply After Powell's Speech


Leading and Lagging Sectors


In trading on Monday, information technology shares fell by 0.5%.


Top Headline


The Dallas Fed manufacturing index rose to -12.9 in August from -22.6 in the previous month.


Equities Trading UP

 

 

Equities Trading DOWN


Also check out: Apple, Amazon, HP And Other Big Losers From Friday


Commodities

In commodity news, oil traded up 4% to $96.78, while gold traded slightly down at $1,749.70.


Silver traded down 1.1% to $18.55 on Monday while copper fell 2.3% to $3.6105.



Euro zone


European shares closed lower today. The eurozone’s STOXX 600 fell 0.81%, while Spain’s IBEX 35 Index fell 0.92%. The German DAX declined 0.61%, French CAC 40 fell 0.83% and Italy’s FTSE MIB Index fell 0.24%.


Economics

 

The Dallas Fed manufacturing index rose to -12.9 in August from -22.6 in the previous month.


Check out this: Bitcoin Tumbles Below This Major Level Following Powell's Remarks; Here Are The Top Crypto Movers For Monday


COVID-19 Update

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 96,011,850 cases with around 1,069,130 deaths. India confirmed a total of at least 44,415,720 cases and 527,790 deaths, while France reported over 34,478,790 COVID-19 cases with 153,850 deaths. In total, there were at least 606,081,240 cases of COVID-19 worldwide with more than 6,488,500 deaths.

Market News and Data brought to you by Benzinga APIs

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