U.S. equities closed lower after trading on Monday, with losses concentrated in the Utilities, Healthcare and Consumer Goods sectors and dragging broader indices into negative territory.
At the New York Stock Exchange close, the Dow Jones Industrial Average slipped 0.01%. The S&P 500 fell 0.24% while the Nasdaq Composite dropped 0.26%.
Index movers and notable winners
Notable gains among Dow components included Salesforce Inc (NYSE:CRM), which rose 2.27% or 4.13 points to finish at 186.27. JPMorgan Chase & Co (NYSE:JPM) added 2.16% or 6.70 points to close at 316.99. Cisco Systems Inc (NASDAQ:CSCO) also advanced, up 1.69% or 1.46 points to 87.71 at the close.
On the S&P 500, top performers included Stanley Black & Decker Inc (NYSE:SWK), which increased 5.30% to 75.12. Hewlett Packard Enterprise Co (NYSE:HPE) rose 5.24% to settle at 27.83, and Paycom (NYSE:PAYC) gained 4.77% to close at 132.98.
Decliners and laggards
At the lower end of the Dow, 3M Company (NYSE:MMM) fell 2.04% or 3.15 points to trade at 151.40 by the close. Consumer stalwart Procter & Gamble Company (NYSE:PG) declined 1.67% or 2.45 points to end at 144.48, while Merck & Company Inc (NYSE:MRK) was down 1.65% or 1.97 points to 117.10.
Sizable intraday losses on the S&P 500 included NRG Energy Inc (NYSE:NRG), which dropped 6.30% to 157.17 in late trade. Boston Scientific Corp (NYSE:BSX) fell 5.04% to settle at 60.99, and Intel Corporation (NASDAQ:INTC) declined 4.07% to 65.71 at the close.
Activity on the Nasdaq Composite
The Nasdaq's top performers on the day included a handful of small-cap and micro-cap names that posted outsized percentage gains. Eshallgo Inc (NASDAQ:EHGO) surged 1,685.71% to 2.50. Lixiang Education Holding Co Ltd (NASDAQ:LXEH) was up 942.47% to 1.69, and Enveric Biosciences Inc (NASDAQ:ENVB) gained 98.77% to close at 3.62.
On the downside, Passage Bio Inc (NASDAQ:PASG) fell 46.44% to 6.25 in late trade. Cheetah Net Supply Chain Service Inc (NASDAQ:CTNT) lost 41.45% to settle at 0.06, and Fitness Champs Holdings Ltd (NASDAQ:FCHL) dropped 36.47% to 0.23 at the close.
Market breadth and milestones
- On the New York Stock Exchange, advancers outnumbered decliners, 1,467 to 1,261, with 100 issues unchanged.
- On the Nasdaq, 1,780 stocks rose while 1,641 fell, and 172 were unchanged.
- Hewlett Packard Enterprise Co (NYSE:HPE) reached an all-time high during the session, gaining 5.24% or 1.39 to 27.83.
- Cisco Systems Inc (NASDAQ:CSCO) also traded at an all-time high, up 1.69% or 1.46 to 87.71.
- Boston Scientific Corp (NYSE:BSX) fell to a 52-week low after losing 5.04% or 3.24 to 60.99.
- Cheetah Net Supply Chain Service Inc (NASDAQ:CTNT) and Fitness Champs Holdings Ltd (NASDAQ:FCHL) each fell to all-time lows, with CTNT down 41.45% or 0.04 to 0.06 and FCHL down 36.47% or 0.13 to 0.23.
Volatility, commodities and currencies
The CBOE Volatility Index, which measures implied volatility for S&P 500 options, rose 8.01% to 18.88.
In commodities, June gold futures were lower, down 0.87% or 42.60 to trade at 4,837.00 per troy ounce. Crude oil for June delivery rose 5.16% or 4.26 to 86.85 a barrel, while the June Brent contract increased 5.06% or 4.57 to trade at 94.95 a barrel.
In currency markets, the euro versus the U.S. dollar (EUR/USD) was effectively unchanged, moving 0.19% to 1.18. The U.S. dollar versus the Japanese yen (USD/JPY) strengthened 0.14% to 158.86. The U.S. Dollar Index Futures was down 0.03% at 97.87.
Overall, the session produced modest downside across major benchmarks with varied performance among sector and individual stock leaders. Energy-linked commodities recorded notable gains, while segments tied to healthcare and consumer staples weighed on index performance.