Major US stock indexes ended the session in the red due to weak forecasts of Caterpillar (CAT) and Nvidia Corp. (NVDA), which were caused by concerns about a slowdown in China, with the result that corporate profits declined significantly.
However, some support for the market provided a message on the completion of the Shatdaun. The Senate and House of Representatives of the US Congress supported the bill providing for the financing of the work of the government and some federal institutions until February 15, which President Trump then signed. At the same time, Trump made it clear that he is ready to partially close the government again or use emergency powers if lawmakers do not provide funds to finance the construction of a wall on the border with Mexico by the middle of next month.
Oil prices fell by about 3% on Monday, and were on the way to the biggest one-day drop in a month. The reason for this was evidence of an even greater increase in US crude supply. Growing oil production in the United States, which reached a record 11.9 million barrels per day at the end of last year, also had a negative effect on sentiment in the oil market, traders said.
Most of the components of DOW finished trading in the red (24 of 30). The growth leader was DowDuPont Inc. (DWDP, + 0.64%). Caterpillar Inc. shares turned out to be an outsider. (CAT, -9.13%).
Almost all sectors of the S & P recorded a decline. The largest decline was in the commodity sector (-1.1%). Only the conglomerate sector grew (+ 0.3%).
At the time of closing:
Dow 24,528.22 -208.98 -0.84%
S & P 500 2,643.85 -20.91 -0.78%
Nasdaq 100 7,085.69 -79.18 -1.11%