U.S. stocks traded lower this morning, after recording losses in the previous week.

Following the market opening Monday, the Dow traded down 0.31% to 30,727.00 while the NASDAQ fell 0.28% to 11,416.53. The S&P 500 also fell, dropping, 0.36% to 3,859.24.

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Leading and Lagging Sectors

In trading on Monday, health care shares fell by 1.8%.

Top Headline

The NAHB housing market index declined for the ninth consecutive month to 46 in September, compared to market expectations of 47. It was the lowest reading since May 2020.

Equities Trading UP

Equities Trading DOWN

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Commodities

In commodity news, oil traded down 1.5% to $83.82, while gold traded down 0.7% at $1,672.40.

Silver traded down 0.2% to $19.35 on Monday while copper fell 0.7% to $3.4915.

Euro zone

European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.2%, while Spain’s IBEX 35 Index fell 0.1%. The German DAX gained 0.1%, French CAC 40 fell 0.6% and Italy’s FTSE MIB Index slipped 0.2%.

Construction output in the Eurozone increased 1.5% year-over-year in July compared to a revised 1.3% rise a month ago.

Economics

• The housing market index for September is scheduled for release at 10:00 a.m. ET. The housing market index is expected to decline slightly to 48 in September from 49 in August.
• The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.

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COVID-19 Update

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 97,509,430 cases with around 1,078,660 deaths. India confirmed a total of at least 44,539,040 cases and 528,350 deaths, while France reported over 34,916,380 COVID-19 cases with 154,670 deaths. In total, there were at least 617,351,300 cases of COVID-19 worldwide with more than 6,531,040 deaths.