Monday Stock Market Update
The Dow Jones Industrial Average and S&P 500 fell, but the Nasdaq Composite gained on Monday, according to CNBC.
- The Dow Jones Industrial Average lost 223.82 points, or 0.80 percent, to close at 28,430.05.
- The S&P 500 fell .20 percent to close at 3,500.31.
- The Nasdaq Composite gained 0.70 percent to close at 11,775.46.
This was the best August in decades. The S&P 500 rose more than 7 percent in August. It was the best August for the Dow since 1984 and the best August for the S&P 500 since 1986.
Apple and Tesla both executed stock splits. Apple rose 3 percent and Tesla rose 12 percent. Banks fell as Treasury yields declined. JPMorgan Chase fell 2.5 percent and Citigroup fell 2.2 percent.
On Tuesday keep an eye out for:
- Data on manufacturing activity and construction activity.
- Warren Buffet earned $570 million from his Japenese stock positions in just 2 days.
- Tensions between the US and China will get worse regardless of who wins the election, says Cedric Chehab, global head of country risk at Fitch Solutions.
- Goldman Sachs boosted its 2021 oil forecast.
- Facebook stated that it can remove any content that puts it at regulatory or legal risk.
- Global stocks are mixed.
- Old Mutual Limited and BKW AG are reporting earnings.
- Total Vehicle Sales are due.