U.S. stocks traded lower midway through trading, with the Dow Jones dropping around 75 points on Monday.

The Dow traded down 0.23% to 32,845.17 while the NASDAQ fell 1.24% to 10,573.06. The S&P 500 also fell, dropping, 0.62% to 3,828.58.

Also check this: Dow Records Losses For Second Straight Week But Investor Optimism Improves

Leading and Lagging Sectors

In trading on Monday, consumer discretionary shares tumbled by 1.5%.

Top Headline

The NAHB housing market index declined two points to a reading of 31 in December, recording the weakest reading since mid 2012.

Equities Trading UP

Equities Trading DOWN

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Commodities

In commodity news, oil traded up 1.6% to $75.48 while gold traded down 0.1% at $1,797.60.

Silver traded down 0.7% to $23.155 on Monday while copper rose 0.5% to $3.7785.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 rose 0.36%, London’s FTSE 100 rose 0.53% while Spain’s IBEX 35 Index rose 0.48%. The German DAX gained 0.39%, French CAC 40 rose 0.43% and Italy’s FTSE MIB Index gained 0.10%.

Construction output in the Eurozone increased 2.2% year-over-year in October. Hourly labor costs in the Eurozone climbed by 2.9% year-over-year in the third quarter, while wages and salaries in the rose 2.1% percent year- over -year during the quarter.

The Ifo Business Climate indicator for Germany increased for a third straight month to 88.6 in December, recording the highest level since August.

Asia Pacific Markets

Asian markets closed lower on Monday, with the Japan’s Nikkei dropping 1.05% and Hong Kong’s Hang Seng Index declining 0.50%. China’s Shanghai Composite Index fell 1.92%.

Economics

The NAHB housing market index declined two points to a reading of 31 in December, recording the weakest reading since mid 2012.

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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 101,760,140 cases with around 1,112,970 deaths. India confirmed a total of at least 44,677,200 cases and 530,670 deaths, while France reported over 38,891,690 COVID-19 cases with 160,350 deaths. In total, there were at least 657,938,940 cases of COVID-19 worldwide with more than 6,672,420 deaths.