U.S. stocks fell Monday with the Dow Jones Industrial Average dropping more than 100 points. The front-runners for the decline included Apple
Here's how the market closed after regular trading hours Monday:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
If the U.S. and China cannot agree on the terms for a phase one trade deal this week, another round of tariffs are set to take effect on Sunday, December 15. While reports from the White House remain optimistic towards the deal, if not reached before the deadline, approximately $165 billion worth of Chinese imports will be hit with 15% tariffs. White House economic advisor Larry Kudlow stated Friday that the two sides were nearing a deal, though the U.S. has remained firm that it will walk away if it does not find the terms favorable.
In U.S. Stock Sector News, most of the 11 sectors fell in current market trading Monday. The few that saw slight share gains Monday include Consumer Staples +0.15%, Real Estate +0.13%, and Consumer Discretionary +0.07%. The rest that saw share losses include Health Care -0.68%, Utilities -0.49%, Information Technology -0.48%, Industrials -0.34%, Financials -0.30%, Communication Services -0.29%, Energy -0.25%, and Materials -0.13%.
Lastly, in Commodity and Currency News, oil prices fell slightly in trading today with West Texas Intermediate dropping -0.27% and Brent Crude declining -0.34%. Gold, however, edged into the positive growth territory, with the commodity's price per ounce increasing 0.08%. For currencies, the U.S. Dollar continues to slightly lose momentum, with the DXY Index dropping just under -0.05%.