U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.09%

Investing.com – Mexico stocks were lower after the close on Monday, as losses in the Industrials, Consumer Goods & Services and Consumer Staples sectors led shares lower.

At the close in Mexico, the S&P/BMV IPC declined 0.65%.

The best performers of the session on the S&P/BMV IPC were Cemex SAB de CV (BMV:CEMEXCPO), which rose 4.13% or 0.83 points to trade at 20.94 at the close. Meanwhile, Becle SA (BMV:CUERVO) added 1.80% or 0.37 points to end at 20.87 and Grupo Comercial Chedraui, SAB De CV (BMV:CHDRAUIB) was up 1.57% or 2.02 points to 130.70 in late trade.

The worst performers of the session were Orbia Advance Corporation SAB de CV (BMV:ORBIA), which fell 3.16% or 0.54 points to trade at 16.54 at the close. Regional SAB de CV (BMV:RA) declined 2.79% or 3.97 points to end at 138.30 and Grupo Carso, S.A.B. De C.V. (BMV:GCARSOA1) was down 2.74% or 3.32 points to 117.81.

Falling stocks outnumbered advancing ones on the Mexico Stock Exchange by 146 to 96 and 16 ended unchanged.

Shares in Cemex SAB de CV (BMV:CEMEXCPO) rose to 5-year highs; rising 4.13% or 0.83 to 20.94.

Gold Futures for February delivery was up 0.11% or 4.80 to $4,333.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 1.38% or 0.79 to hit $56.45 a barrel, while the February Brent oil contract fell 1.28% or 0.78 to trade at $60.34 a barrel.

USD/MXN was down 0.11% to 17.98, while EUR/MXN unchanged 0.02% to 21.13.

The US Dollar Index Futures was down 0.09% at 97.94.

Investing.com -- PayPal Holdings Inc (NASDAQ:PYPL) stock rose 1% in after-hours trading Monday following a Bloomberg report that the company has applied to become a bank in the United States.

The payments giant submitted applications to the Federal Deposit Insurance Corp. and the Utah Department of Financial Institutions to form a Utah-chartered industrial loan company, according to a company statement. The move comes as the Trump administration has shown openness to allowing financial technology companies to enter the banking system.

If approved, PayPal Bank would enhance the company’s small-business lending capabilities. PayPal noted it has already provided access to more than $30 billion in loans and capital since 2013.

"Securing capital remains a significant hurdle for small businesses striving to grow and scale," PayPal Chief Executive Officer Alex Chriss said in the statement. "Establishing PayPal Bank will strengthen our business and improve our efficiency, enabling us to better support small-business growth and economic opportunities across the U.S."

The banking application represents a strategic expansion for PayPal as it seeks to deepen its financial services offerings beyond its core payment processing business.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com – Canada stocks were lower after the close on Monday, as losses in the Energy, IT and Materials sectors led shares lower.

At the close in Toronto, the S&P/TSX Composite lost 0.14%.

The best performers of the session on the S&P/TSX Composite were Discovery Silver Corp (TSX:DSV), which rose 4.67% or 0.39 points to trade at 8.74 at the close. Meanwhile, Empire Company Ltd (TSX:EMPa) added 3.15% or 1.45 points to end at 47.50 and South Bow Corp (TSX:SOBO) was up 2.82% or 1.06 points to 38.62 in late trade.

The worst performers of the session were Perpetua Resources Corp (TSX:PPTA), which fell 6.85% or 2.72 points to trade at 36.96 at the close. Equinox Gold Corp (TSX:EQX) declined 4.99% or 1.01 points to end at 19.22 and Seabridge Gold Inc . (TSX:SEA) was down 4.52% or 1.86 points to 39.26.

Falling stocks outnumbered advancing ones on the Toronto Stock Exchange by 455 to 452 and 75 ended unchanged.

Shares in Discovery Silver Corp (TSX:DSV) rose to 5-year highs; up 4.67% or 0.39 to 8.74.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 1.70% to 11.55 a new 1-month low.

Gold Futures for February delivery was up 0.10% or 4.35 to $4,332.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 1.38% or 0.79 to hit $56.45 a barrel, while the February Brent oil contract fell 1.28% or 0.78 to trade at $60.34 a barrel.

CAD/USD was unchanged 0.04% to 0.73, while CAD/EUR unchanged 0.05% to 0.62.

The US Dollar Index Futures was down 0.09% at 97.94.

Investing.com -- The S&P 500 fell Monday, paring earlier gains as big tech came under renewed pressure amid valuation concerns following last week’s rotation into cyclical sectors of the market .

At 12:51 p.m., the S&P 500 fell 0.4%, the NASDAQ Composite dropped 0.6%, while the Dow Jones Industrial Average slipped 0.3%, or 155 points. 

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Selling in big tech continues, but Nvidia weathers storm on JPMorgan upgrade

The sell off in big tech seen last week continued, with Alphabet Inc Class A (NASDAQ:GOOGL), Broadcom Inc (NASDAQ:AVGO) and Oracle Corporation (NYSE:ORCL) among the decliners. 

The moves reflected a continuation of the rotation trade that has gathered pace this week. After strong gains tied to the artificial intelligence theme earlier this year, investors have increasingly locked in profits and shifted toward sectors seen as more leveraged to economic activity.

"The question of the next few weeks is will tech be used as a source of funds in order to buy cyclicals, or will increasing 10-year Treasury yields squash the cyclical trade, and pushing more funds back into tech," analysts from Raymond James said in a recent note.

Still, NVIDIA Corporation (NASDAQ:NVDA) managed to shrug off the broader slip tech after rising more than 1% underpinned JPMorgan’s suggestion that the recent dip in chiipmaker’s stock was a buying opportunity.   

Markets look ahead to data and Fed leadership signals

U.S. markets appeared set to open the new week on firmer footing, with stock index futures edging higher on Monday after last week’s tech-led selloff. Investors are preparing for a heavy slate of economic releases that could shape expectations for interest rates.

Attention has also turned to the future leadership of the Federal Reserve. According to a Wall Street Journal report, U.S. President Donald Trump said he has narrowed his shortlist for the next Fed chair to former Governor Kevin Warsh and National Economic Council Director Kevin Hassett.

The prospect of a more dovish chair has reinforced expectations for rate cuts next year, even as inflation remains above the central bank’s 2% target and other developed economies grapple with renewed price pressures.

On the data front, markets will focus on nonfarm payrolls figures due Tuesday, covering November as well as October, which was delayed earlier this quarter by a government shutdown.

Additional releases on business activity, weekly jobless claims and inflation later in the week are expected to provide further insight into economic momentum and the Fed’s policy path.

"This week’s jobs data could be more important for equities’ perception of interest rate policy going forward than last week’s FOMC meeting," Morgan Stanley strategist Michael Wilson said.

"With the equity return/interest rate correlation falling deeper into negative territory last week, we are now firmly back in a good is bad/bad is good regime. This implies that moderate labor market weakness is likely to be viewed in a bullish context by equity markets," he added. 

Investors will also parse remarks from several Fed officials in the days ahead, as well as a handful of earnings reports, most notably those from Micron, Nike, and Accenture.  

(Peter Nurse contributed to this story)

Investing.com – Colombia stocks were lower after the close on Monday, as losses in the Financials, Investment and Public Services sectors led shares lower.

At the close in Colombia, the COLCAP lost 0.81%.

The best performers of the session on the COLCAP were Organizacion Terpel SA (BVC:TPL), which rose 2.90% or 540.00 points to trade at 19,140.00 at the close. Meanwhile, Interconnection Electric SA ESP (BVC:ISA) added 2.30% or 580.00 points to end at 25,780.00 and Celsia SA (BVC:CEL) was up 1.32% or 65.00 points to 5,000.00 in late trade.

The worst performers of the session were Grupo Cibest SA (BVC:CIBEST), which fell 3.12% or 2,180.00 points to trade at 67,800.00 at the close. Grupo Aval Acciones y Valores SA Pref (BVC:GAA_p) declined 1.40% or 11.00 points to end at 777.00 and Mineros SA (BVC:MAS) was down 0.90% or 140.00 points to 15,340.00.

Falling stocks outnumbered advancing ones on the Colombia Stock Exchange by 1 to 0.

Shares in Organizacion Terpel SA (BVC:TPL) rose to all time highs; up 2.90% or 540.00 to 19,140.00. Shares in Celsia SA (BVC:CEL) rose to 5-year highs; gaining 1.32% or 65.00 to 5,000.00.

US coffee C for March delivery was down 2.27% or 8.40 to $360.90 . Elsewhere in commodities trading, US cocoa for delivery in March fell 6.43% or 404.00 to hit $5,875.00 , while the February Gold Futures contract rose 0.10% or 4.20 to trade at $4,332.50 a troy ounce.

USD/COP was up 0.44% to 3,822.78, while BRL/COP rose 0.51% to 705.90.

The US Dollar Index Futures was down 0.09% at 97.94.

Investing.com -- Verastem Inc (NASDAQ:VSTM) stock was flat in after-hours trading Monday despite the announcement of strategic leadership changes aimed at accelerating the company’s growth.

The biopharmaceutical company, which focuses on developing medicines for RAS/MAPK pathway-driven cancers, appointed current board member John Johnson as chairman of the board. Additionally, Michael Kauffman, M.D., Ph.D., who has served as lead director since 2016, was named president of development and will join the executive leadership team.

As part of the organizational restructuring, Matthew Ros, chief operating officer, will be departing as the company streamlines its operational structure. His responsibilities will be transitioned across the executive team.

"2025 has been a year of significant accomplishments where we advanced key clinical trials and launched an important new treatment for people living with a specific type of LGSOC, a rare ovarian cancer," said Dan Paterson, president and chief executive officer of Verastem Oncology.

Paterson added that Kauffman’s appointment "underscores our commitment to our R&D program and specifically the importance of VS-7375," which the company describes as a potential best-in-class KRAS G12D dual ON/OFF inhibitor.

The company also reported progress in its commercial launch and noted that its RAMP 301 Phase 3 confirmatory trial in recurrent low-grade serous ovarian cancer (LGSOC) has completed additional patient enrollment, with topline data anticipated in mid-2027.

Verastem recently launched AVMAPKI FAKZYNJA CO-PACK, which the company notes is the first FDA-approved treatment specifically for women with LGSOC.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.