The Dow Jones Index Closes 0.55% Lower

The S&P 500 Index is down 23.89 points or 0.35% today to 6846.51

• Largest one-day point and percentage decline since Monday, Dec. 1, 2025
• Snaps a four-trading-day winning streak
• Off 0.64% from its record close of 6890.89 hit Tuesday, Oct. 28, 2025
• Up 18.40% from the Election Day close of 5782.76 on Tuesday, Nov. 5, 2024
• Up 14.17% from the Inauguration Day close of 5996.66 on Monday, Jan 20, 2025
• Up 20.73% since tariffs were announced on Wednesday, April 2, 2025
• Off 0.64% from its 52-week high of 6890.89 hit Tuesday, Oct. 28, 2025
• Up 37.40% from its 52-week low of 4982.77 hit Tuesday, April 8, 2025
• Rose 13.11% from 52 weeks ago
• Off 0.64% from its 2025 closing high of 6890.89 hit Tuesday, Oct. 28, 2025
• Up 37.40% from its 2025 closing low of 4982.77 hit Tuesday, April 8, 2025
• Month-to-date it is down 0.04%
• Year-to-date it is up 964.88 points or 16.41%

Data based on preliminary market closing values

Source: Dow Jones Market Data, FactSet

WASHINGTON (dpa-AFX) - Stocks moved to the upside at the start of trading on Monday but moved lower over the course of the trading session. The major averages pulled back off their early highs and into negative territory.

The major averages staged a short-lived recovery attempt in mid-day trading but all ended the day in the red. The Dow fell 215.67 points or 0.5 percent to 47,739.32, the Nasdaq edged down 32.22 points or 0.1 percent to 23,545.90 and the S&P 500 decreased 23.89 points or 0.4 percent to 6,846.51.

The modest pullback on Wall Street may partly have reflected profit taking following recent strength in the markets, which saw the Nasdaq and S&P 500 reach their best closing levels in a month last Friday.

Overall trading activity remain was subdued, however, as traders looked ahead to the Federal Reserve's monetary policy decision on Wednesday.

With the Fed widely expected to lower interest rates by another quarter point, traders are likely to pay close attention to the accompanying statement for clues about the likelihood of further rate cuts next year.

CME Group's FedWatch Tool is currently indicating an 89.4 percent chance the Fed will lower rates by a quarter point on Wednesday but a 60.5 percent chance the central bank will leave rates unchanged in January.

'Markets may not rally if we get a 25 basis-point cut, given how investors are already expecting it to happen,' said Dan Coatsworth, head of markets at AJ Bell.

He added, 'Instead, markets are only likely to move in a large way up or down if we don't get a cut or if the cut is much bigger than expected.'

Sector News

Gold stocks moved sharply lower over the course of the session, dragging the NYSE Arca Gold Bugs Index down by 2.1 percent.

Significant weakness was also visible among biotechnology stocks, as reflected by the 1.6 loss posted by the NYSE Arca Biotechnology Index.

Utilities, natural gas and healthcare stocks also saw notable weakness, while networking, computer hardware and semiconductor stocks saw some strength on the day.

Other Markets

In overseas trading, stock markets across the Asia-Pacific region turned in a mixed performance on Monday. Japan's Nikkei 225 Index crept up by 0.2 percent and China's Shanghai Composite Index rose by 0.5 percent, while Hong Kong's Hang Seng Index slumped by 1.2 percent.

The major European market indexes also ended the day on opposite sides of the unchanged line. While the German DAX Index crept up by 0.1, the French CAC 40 Index edged down by 0.1 percent and the U.K.'s FTSE 100 Index dipped by 0.2 percent.

In the bond market, treasuries are extending the downward move seen over the two previous sessions. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, is up by 4.3 basis points at 4.182 percent.

Looking Ahead

A report on job openings in the month of October may attract attention on Tuesday, although trading activity may remain somewhat subdued as the Fed's two-day meeting gets underway.

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The S&P 500 Index is down 23.89 points or 0.35% today to 6846.51

• Largest one-day point and percentage decline since Monday, Dec. 1, 2025
• Snaps a four-trading-day winning streak
• Off 0.64% from its record close of 6890.89 hit Tuesday, Oct. 28, 2025
• Up 18.40% from the Election Day close of 5782.76 on Tuesday, Nov. 5, 2024
• Up 14.17% from the Inauguration Day close of 5996.66 on Monday, Jan 20, 2025
• Up 20.73% since tariffs were announced on Wednesday, April 2, 2025
• Off 0.64% from its 52-week high of 6890.89 hit Tuesday, Oct. 28, 2025
• Up 37.40% from its 52-week low of 4982.77 hit Tuesday, April 8, 2025
• Rose 13.11% from 52 weeks ago
• Off 0.64% from its 2025 closing high of 6890.89 hit Tuesday, Oct. 28, 2025
• Up 37.40% from its 2025 closing low of 4982.77 hit Tuesday, April 8, 2025
• Month-to-date it is down 0.04%
• Year-to-date it is up 964.88 points or 16.41%

Data based on preliminary market closing values

Source: Dow Jones Market Data, FactSet

The S&P/TSX Composite Index fell 0.5% to close at 31,170 on Monday as energy and mining weakness outweighed gains in tech ahead of policy decisions by the Bank of Canada and the Federal Reserve.

Energy led the decline with Imperial Oil and Cenovus down about 2% as oil prices slipped more than 2%, while major miners Agnico Eagle and Barrick fell 2.2% and 2.3% respectively.

By contrast data-centre supplier Celestica surged 5.1% to lead the index higher.

Stronger-than-expected Canadian employment reinforced market bets that the Bank of Canada will hold rates on Wednesday, with traders pricing a more than 90% probability of a hold and pushing the next hike into 2026.

The Federal Reserve is widely expected to cut in December, yet lingering uncertainty about the 2026 policy path kept investors cautious.

US stocks extended losses to close lower on Monday, with the S&P 500 down 0.3%, the Dow Jones off 0.4% and the Nasdaq slipping 0.2% as investors reassessed the 2026 Fed policy path.

A Wednesday cut remains priced in at roughly 90% yet firmer inflation signals have kept expectations tethered to a cautious stance.

Markets also monitored a dramatic turn in the bidding for Warner Bros.

Discovery (+4.4%) after Paramount Skydance launched a $30 per share offer that topped Netflix’s $27.75 cash-and-stock bid; Paramount climbed 9% while Netflix fell 3.4%.

Other notable movers included Confluent, up 29.1% after IBM confirmed an $11 billion acquisition plan, Tesla, down 3.4% after a downgrade, and Carvana, surged 12.1% following its addition to the S&P 500.

Tech valuations will remain in focus this week with Broadcom and Oracle reporting results, with Broadcom (+2.8%) hitting fresh record highs on reports Microsoft is discussing custom chips with the company.

BRUSSELS (dpa-AFX) - The Switzerland market got off to a slightly weak start on Monday but recovered soon and stayed firm right through the day's session to settle on positive note thanks to strong buying at several counters.

The benchmark SMI, which climbed to 13,000.14, settled with a gain of 45.12 points or 0.35% at 12,981.42.

Roche Holding gained about 2.2%, and Holcim gained nearly 2%. Sandoz Group climbed 2.1% after the company said that it has completed the acquisition of Just-Evotec Biologics EU SAS from Evotec SE.

UBS Group finished with a gain of 1.75%, and Logitech International ended 1.4% up. Galderma Group, ABB, Lonza Group, Kuehne + Nagel and Swiss Re gained 0.8 to 1.1%.

Swatch Group ended 2.3% down. Alcon closed lower by 1.77%, Givaudan drifted down 1.37% and Sika settled 1.25% down.

SGS, Sonova, Amrize, Richemont, Nestle and Geberit also closed weak.

Survey results from the State Secretariat for Economic Affairs, or SECO, showed that confidence among Swiss consumers remained less negative in November.

The consumer confidence index rose to -34 in November from -37 in October. That was in line with expectations. In the corresponding month last year, the reading was also -37.0.

Among the four components, the economic outlook index negatively contributed, while past financial situation, financial outlook, and moment to make major purchases were higher compared to last year. The index measuring financial outlook strengthened to -28.7 from -33.1.

Copyright(c) 2025 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX