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Dow Falls 150 Points; ISM Manufacturing PMI Edges Lower In February

U.S. stocks traded lower this morning, with the Dow Jones index falling around 150 points on Monday.

Following the market opening Monday, the Dow traded down 0.31% to 48,826.07 while the NASDAQ dipped 0.25% to 22,610.56. The S&P 500 also fell, dropping, 0.26% to 6,861.13.

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Leading and Lagging Sectors

Energy shares gained by 1.8% on Monday.

In trading on Monday, consumer discretionary stocks fell by 1.7%.

Top Headline

The ISM manufacturing PMI fell to 52.4 in February from 52.6 in the previous month, but topped market estimates of 51.8.

Equities Trading UP
           

Equities Trading DOWN

Commodities

In commodity news, oil traded up 8% to $72.40 while gold traded up 3.2% at $5,417.20.

Silver traded up 2.1% to $95.210 on Monday, while copper fell 0.4% to $6.0375.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 fell 1.7%, while Spain’s IBEX 35 Index fell 2.7%. London’s FTSE 100 fell 1.4%, Germany’s DAX fell 2.4% and France’s CAC 40 declined 2% during the session.

Asia Pacific Markets

Asian markets closed mostly lower on Monday, with Japan’s Nikkei 225 falling 1.35%, Hong Kong’s Hang Seng index dipping 2.14%, China’s Shanghai Composite rising 0.47% and India’s BSE Sensex declining 1.29%.

Economics

  • The ISM manufacturing PMI fell to 52.4 in February from 52.6 in the previous month, but topped market estimates of 51.8.
  • The S&P Global manufacturing PMI declined to 51.6 in February from 53.4 in the prior month, down from market estimates of 52.6.

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