Wall Street stocks were mostly in the red early on Monday following back-to-back losing weeks for major indices.
As of 1515 GMT, the Dow Jones Industrial Average was down 0.04% at 32,932.98, while the S&P 500 lost 0.37% to 3,838.27 and the Nasdaq Composite came out the gate 0.96% weaker at 10,602.49.
The Dow opened just 12.52 points higher on Monday, doing little to reverse losses recorded in the previous session as market participants struggled to shake off recessionary concerns after the Federal Reserve announced a 50 basis point short-term interest rate hike.
With two of the three major indices heading south at the open, US stocks were on track to end the month in the red, with a Santa Claus rally now looking less likely.
On the macro front, the National Association of Home Builders’ December housing market index fell from 38 in October to 33 in November – an 11th straight loss and, outside the immediate onset of the Covid-19 pandemic, the lowest reading since 2012. Current sales conditions declined to 39 from 45, sales expectations in the next six months went down to 31 from 35, and traffic of prospective buyers fell five points to 20.
No major corporate earnings were slated for release on Monday.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones – Risers
Boeing Co. (BA) $187.30 1.41%
JP Morgan Chase & Co. (JPM) $130.75 1.08%
Travelers Company Inc. (TRV) $184.97 1.07%
Caterpillar Inc. (CAT) $235.29 1.06%
3M Co. (MMM) $122.83 0.94%
Dow Chemical Co. (DOW) $50.24 0.80%
Chevron Corp. (CVX) $169.74 0.54%
Coca-Cola Co. (KO) $63.08 0.50%
Walgreens Boots Alliance, Inc. (WBA) $39.22 0.45%
Walmart Inc. (WMT) $143.07 0.31%
Dow Jones – Fallers
Walt Disney Co. (DIS) $87.62 -2.78%
Microsoft Corp. (MSFT) $241.63 -1.25%
Nike Inc. (NKE) $104.48 -1.18%
Apple Inc. (AAPL) $133.24 -0.87%
Intel Corp. (INTC) $26.74 -0.67%
Home Depot Inc. (HD) $321.18 -0.56%
Merck & Co. Inc. (MRK) $109.15 -0.30%
Goldman Sachs Group Inc. (GS) $345.48 -0.25%
International Business Machines Corporation (CDI) (IBM) $139.76 -0.24%
Johnson & Johnson (JNJ) $175.33 -0.19%
S&P 500 – Risers
NRG Energy Inc. (NRG) $32.28 3.95%
Pentair plc (PNR) $44.49 2.42%
Coty Inc. Class A (COTY) $8.10 1.95%
Bath & Body Works, Inc. (BBWI) $41.07 1.89%
Cummins Inc. (CMI) $239.92 1.83%
Allegion (ALLE) $105.57 1.65%
O’Reilly Automotive Inc. (ORLY) $824.54 1.57%
Marathon Petroleum Corporation (MPC) $111.41 1.51%
Lamb Weston Holdings, Inc. (LW) $88.31 1.51%
Delta Airlines Inc. (DAL) $33.60 1.48%
S&P 500 – Fallers
Nektar Therapeutics (NKTR) $2.54 -4.70%
L3Harris Technologies Inc. (LHX) $205.41 -3.68%
Wynn Resorts Ltd. (WYNN) $82.89 -3.63%
Arconic Inc. (ARNC) $21.35 -3.04%
Vertex Pharmaceuticals Inc. (VRTX) $295.57 -3.03%
Carnival Corp. (CCL) $8.19 -3.02%
Fortinet Inc. (FTNT) $50.36 -3.00%
Albemarle Corp. (ALB) $235.96 -2.84%
Walt Disney Co. (DIS) $87.62 -2.73%
Hanesbrands Inc. (HBI) $5.74 -2.55%
Nasdaq 100 – Risers
Mercadolibre Inc. (MELI) $874.24 3.59%
Tesla Inc (TSLA) $153.71 2.32%
O’Reilly Automotive Inc. (ORLY) $824.54 1.57%
PACCAR Inc. (PCAR) $99.61 1.41%
Vodafone Group Plc ADS (VOD) $10.30 1.13%
Fastenal Co. (FAST) $48.30 0.90%
Ross Stores Inc. (ROST) $114.94 0.87%
J.B. Hunt Transport Services Inc. (JBHT) $179.80 0.64%
JD.com, Inc. (JD) $56.95 0.64%
Align Technology Inc. (ALGN) $199.44 0.62%
Nasdaq 100 – Fallers
Wynn Resorts Ltd. (WYNN) $82.89 -3.63%
Vertex Pharmaceuticals Inc. (VRTX) $295.57 -3.03%
Meta Platforms Inc. (META) $116.47 -2.48%
Biomarin Pharmaceutical Inc. (BMRN) $106.05 -2.38%
Hasbro Inc (HAS) $56.60 -2.18%
Illumina Inc. (ILMN) $195.71 -1.92%
Nvidia Corp. (NVDA) $162.66 -1.84%
Take-Two Interactive Software Inc. (TTWO) $99.04 -1.70%
Western Digital Corp. (WDC) $31.42 -1.61%
Dish Network Corp. (DISH) $14.19 -1.49%
