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Close Update: Nasdaq, S&P 500 Turn Positive in Late-Day Trading Monday as Dow Ends Lower


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Stocks closed mixed on Monday after the market's strong gains from last week that was partially due to investor optimism that the US-China trade dispute will come to a settlement.

Nasdaq Composite Index turned positive in late-day trading, rising 0.19%. The S&P 500 also managed to reach the upside in the last hour, struggled to retain it, but ended higher with a 0.10% gain. Meanwhile, the Dow Jones Industrial Average slipped 0.32%, weighed down by losses in shares of Boeing ( BA ).

The energy sector was leading with gains reaching 0.49%, while utilities suffered the most with a 0.73% loss.

Looking ahead, investors will begin to look at Q1 big bank earnings this week when JPMorgan Chase ( JPM ), PNC Financial ( PNC ) and Wells Fargo ( WFC ) report results on Friday.

In commodities, West Texas Intermediate crude oil futures rose 2.17% to $64.45 per barrel. Natural gas was up 1.80% to $2.71 per 1 million BTU. Gold futures climbed 0.46% to $1,301.60 an ounce, while silver rose 0.86% to $15.22 an ounce.

Among energy ETFs, the United States Oil Fund closed higher at 1.9% to $13.40 while the United States Natural Gas Fund ended with a 1.51% gain to $23.85. Among precious-metal funds, the Vectors Gold Miners ETF rose 1.16% to $22.69 while SPDR Gold Shares closed higher at 0.48% to $122.56. The iShares Silver Trust was up 0.95% at $14.31.

US MARKETS

Dow Jones Industrial Average was down 83.97 points (-0.32%) to 26,341.02

S&P 500 was up 3.03 points (+0.10%) to 2,895.77

Nasdaq Composite Index was up 15.19 points (+0.19%) to 7,953.88

GLOBAL SENTIMENT

FTSE 100 was up 5.02 points (+0.07%) to 7,451.89

DAX was down 46.35 points (-0.39%) to 11,963.40

CAC 40 was down 4.42 points (-0.08%) to 5,471.78

Nikkei 225 was down 45.85 points (-0.21%) to 21,761.65

Hang Seng Index was up 140.83 points (+0.47%) to 30,077.15

Shanghai China Composite Index was down 1.47 points (-0.05%) to 3,244.81

UPSIDE MOVERS

(+) NBEV (+35.84%) Expands Marley brand partnership with Walmart

(+) VSM (+1.18%) Gets 'superior' $53/share offer from Merck KGaA

(+) SFET (+4%) Secures Israeli patent covering reverse access technology

DOWNSIDE MOVERS

(-) BA (-4.42%) Rating and price target on the stock cut by BofA-Merrill Lynch

(-) GE (-5.19%) Fined $59 million by European Commission for 'incorrect' information in LM Wind takeover

(-) SRAX (-1.33%) To restate financial statements dating back to Q1 2017

(-) HUYA (-2.89%) Starts follow-on public offering of ADSs

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.





This article appears in: Investing , Stocks
Referenced Symbols: BA , JPM , PNC , WFC , NBEV




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