U.S. stocks took a dip on Monday following the notable downturn from the previous week. The market showed fluctuations as the S&P 500 slipped by 0.5%, experiencing small gains and losses before settling. Meanwhile, the Dow Jones Industrial Average saw a slight rise of 0.1%, contrasting with the Nasdaq composite, which slumped by 1.2%.
Nvidia’s shares fell in anticipation of its upcoming earnings report, marking it as a significant drag on the market. In contrast, Berkshire Hathaway saw an uptick after reporting a substantial increase in operating profits for the recent quarter. Despite the positive report, the company noted challenges in finding attractively priced stocks to purchase. Additionally, Treasury yields decreased in anticipation of forthcoming updates on consumer confidence and inflation data.
On Monday, specific movements included the S&P 500 dropping 29.88 points, or 0.5%, finishing at 5,983.25. The Dow Jones Industrial Average increased by 33.19 points, or 0.1%, closing at 43,461.21. The Nasdaq composite, however, declined by 237.08 points, or 1.2%, ending at 19,286.92. The Russell 2000 index, which tracks smaller companies, also fell by 17.08 points, or 0.8%, to settle at 2,178.27.
Looking at the performance over the year, the S&P 500 has gained 101.62 points, equating to a 1.7% rise. The Dow has climbed by 916.99 points, marking a 2.2% increase. Meanwhile, the Nasdaq has decreased slightly by 23.87 points, representing a marginal 0.1% drop. The Russell 2000 has fallen more significantly, down by 51.89 points, or 2.3%.
