U.S. stocks once again followed the lead of Europe on Monday, finishing lower across the board. At the closing bell, the Dow Jones Industrial Average had fallen 0.46%, the S&P 500 had dropped 0.65% and the Nasdaq Composite had moved 0.92% lower. Most notably, the Dow 30 fell into negative territory for 2015, before dividends.
Technology, industrial and consumer discretionary named led the way lower on the session, while telecom stocks rallied. Elsewhere, the U.S. dollar index dropped 1.1% and natural gas futures rallied more than 4%.
A decline in airline names drove a 2% drop in the Dow Jones Transportation Average. JetBlue (JBLU) was the big loser Monday, falling 7%. Elsewhere, Las Vegas Sands (LVS) and MGM Resorts (MGM) each fell 5% on lower expected growth from Macau.
In after-hours action, Dave & Buster's (PLAY) were up 3% on a higher profit outlook. On the other hand, United Natural Foods (UNFI) was down 6%, after reporting lower-than-expected quarterly results.
Looking ahead to Tuesday morning, Hovnanian (HOV) and Lululemon (LULU) headline the earnings calendar. And Cisco Systems (CSCO) will host an investor day in California.
David Peltier is the portfolio manager for Stocks Under $10 and Dividend Stock Advisor. Test drive with a free trial.
