Major US stock indexes have dropped significantly, and the technological and industrial sectors have felt the brunt of escalating trade dispute between the US and other major economies.

On Sunday, US President Trump turned to Twitter to all countries with "artificial trade barriers," with the requirement to cancel them or otherwise the United States will respond to them "more than reciprocated." Later in the WSJ reported that the White House is preparing new barriers to investment from China in the US high-tech companies. However, today the US Treasury Mnuchin stated that the proposed Ministry to curb investment measures that have become part of the trade confrontation with China, will be applied not only to Beijing, but also "to all countries that are trying to steal our technology."

Negligible impact on the course of trading was provided by the US. A report from the Federal Reserve Bank of Dallas showed that in June the business activity of Texas producers improved significantly, contrary to the forecasted decline. According to the report, the production index of the Federal Reserve Bank of Dallas in June rose to 36.5 points from 26.8 points in May. Analysts had expected the decline to 18.2 points.

Meanwhile, sales of new single-family homes in the US rose more than expected in May, as sales in the south rose to its highest level in the last 11 years. The Commerce Department reported that sales of new homes jumped 6.7 percent to a seasonally adjusted level of 689,000 units, the highest level since November 2017. The pace of sales in April was revised to 646,000 units from 662,000 units.

Most of the components of DOW finished trading in the red (26 of 30). Outsider were shares of Intel Corporation (INTC, -3.39%). Leader of growth were shares of Walmart Inc. (WMT, + 1.93%).

Almost all S & P sectors recorded a decline. The largest drop was shown by the services sector (-2.2%). Growth was recorded only by the utilities sector (+ 1.0%).

At closing:

Dow 24,252.80 -328.09 -1.33%

S & P 500 2,717.07 -37.81 -1.37%

Nasdaq 100 7,532.01 -160.81 -2.09%

U.S. stock-index futures fell on Monday, as fears of an escalation of the global trade wars continued to weigh on investors' sentiment.

Global Stocks:

(company / ticker / price / change ($/%) / volume)

Analyst coverage initiations before the market open

NIKE (NKE) initiated with a Neutral at Goldman; target $78

Intel (INTC) downgraded to Neutral from Buy at Nomura

Microsoft (MSFT) upgraded to Overweight from Neutral at Atlantic Equities