Source: Sharecast
As of 1445 BST, the Dow Jones Industrial Average was down 0.58% at 46,048.27, while the S&P 500 shed 0.22% to 6,649.39 and the Nasdaq Composite came out of the gate 0.13% weaker at 22,602.55.
The Dow opened 267.00 points lower on Monday, more than reversing gains recorded in the previous session as major indices wrapped up the week at record highs, thanks to the Federal Reserve's decision to lower its benchmark overnight interest rate by 25 basis points, extending the strong momentum seen throughout the week
A looming risk of a US government shutdown weighed on market sentiment at the open, after the Senate failed to pass either Republican or Democratic proposals to temporarily extend federal funding. Senate Democratic Leader Chuck Schumer has since called on Donald Trump to engage with lawmakers in a bid to reach a compromise. The current funding deadline is 30 September, with no clear path yet to avoid a lapse in government operations.
On the macro front, the Chicago Federal Reserve's national activity index came in at -0.12 in August, the highest reading in five months, compared to a downwardly revised -0.28 in the prior month. Production-related indicators contributed -0.02, up from -0.17 in July, while the sales, orders, and inventories category made a neutral contribution, up from -0.02. Employment-related indicators contributed -0.07, up from -0.10, and the personal consumption and housing category's contribution was -0.03, down from +0.02 in July. Meanwhile, the three-month moving average increased to -0.18 in August from -0.20 in July
No major corporate earnings were slated for release on Monday.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Amgen Inc. (AMGN) $285.41 3.47%
Apple Inc. (AAPL) $245.50 3.20%
Microsoft Corp. (MSFT) $517.93 1.86%
Johnson & Johnson (JNJ) $175.88 1.17%
Salesforce.Com Inc. (CRM) $246.99 1.15%
Visa Inc. (V) $341.42 1.01%
3M Co. (MMM) $156.63 0.77%
Unitedhealth Group Inc. (UNH) $336.59 0.56%
International Business Machines Corporation (CDI) (IBM) $267.18 0.53%
JP Morgan Chase & Co. (JPM) $314.78 0.49%
Dow Jones - Fallers
Intel Corp. (INTC) $29.58 -3.24%
Dow Chemical Co. (DOW) $23.53 -2.57%
Nike Inc. (NKE) $70.89 -1.68%
Chevron Corp. (CVX) $156.21 -1.66%
Walmart Inc. (WMT) $102.39 -1.23%
Walt Disney Co. (DIS) $113.76 -0.96%
Procter & Gamble Co. (PG) $156.04 -0.81%
Cisco Systems Inc. (CSCO) $68.21 -0.68%
Verizon Communications Inc. (VZ) $43.49 -0.44%
Home Depot Inc. (HD) $415.67 -0.43%
S&P 500 - Risers
Brighthouse Financial, Inc. (BHF) $57.59 27.24%
Fluor Corp. (FLR) $44.56 5.14%
Eversource Energy (ES) $67.02 4.88%
Newmont Corporation (NEM) $81.69 4.34%
Oracle Corp. (ORCL) $308.66 4.06%
Fortinet Inc. (FTNT) $84.21 3.98%
Lincoln National Corp. (LNC) $41.17 3.67%
Amgen Inc. (AMGN) $285.41 3.47%
Synopsys Inc. (SNPS) $495.50 3.21%
Apple Inc. (AAPL) $245.50 3.20%
S&P 500 - Fallers
Nektar Therapeutics (NKTR) $55.14 -6.16%
Harley-Davidson Inc. (HOG) $28.35 -4.81%
Cognizant Technology Solutions Corp. (CTSH) $66.94 -4.73%
Humana Inc. (HUM) $252.48 -4.61%
Bath & Body Works, Inc. (BBWI) $25.08 -4.56%
Dollar General Corp (DG) $102.06 -4.48%
VF Corp. (VFC) $14.45 -4.43%
Lennar Corp. Class A (LEN) $127.16 -4.18%
Darden Restaurants Inc. (DRI) $184.73 -4.16%
Coty Inc. Class A (COTY) $4.11 -3.75%
Nasdaq 100 - Risers
Western Digital Corp. (WDC) $106.63 0.00%
Gilead Sciences Inc. (GILD) $114.09 0.00%
Hasbro Inc (HAS) $74.15 0.00%
Microchip Technology Inc. (MCHP) $65.15 0.00%
Baidu Inc. (BIDU) $135.35 0.00%
Incyte Corp. (INCY) $86.53 0.00%
Alphabet Inc. Class A (GOOGL) $254.72 0.00%
Workday, Inc. (WDAY) $233.62 0.00%
Amgen Inc. (AMGN) $285.41 0.00%
Align Technology Inc. (ALGN) $131.39 0.00%
Nasdaq 100 - Fallers
Trip.com Group Limited (TCOM) $78.52 0.00%
Mylan Inc. (MYL) $0.00 0.00%
Nvidia Corp. (NVDA) $176.67 0.00%
Cadence Design Systems Inc. (CDNS) $373.35 0.00%
Adobe Systems Inc. (ADBE) $365.90 0.00%
Hologic Inc. (HOLX) $66.33 0.00%
Netflix Inc. (NFLX) $1,226.97 0.00%
Maxim Integrated Products Inc. (MXIM) $0.00 0.00%
Applied Materials Inc. (AMAT) $190.10 0.00%
Intuit Inc. (INTU) $687.92 0.00%
