U.S. stocks ended the session mixed on Monday, with the Nasdaq Composite falling over 100 points. The index closed at 27,245.90, a decline of 0.44%. The Dow Jones Industrial Average rose approximately 196 points to finish at 51,850.55, while the S&P 500 slipped 0.06% to 7,807.24.
Memory stocks were under pressure during the trading day. SanDisk Corp. (NASDAQ: SNDK) dropped 6.0%, and SK Hynix Inc. (NASDAQ: SKHY) lost 4.0%. The decline in the Nasdaq was attributed partly to higher oil prices.
The CNN Money Fear and Greed Index remained unchanged at 46 on Monday, placing it in the “Neutral” zone. The index is calculated based on seven equal-weighted indicators ranging from 0 (maximum fear) to 100 (maximum greed).
All three major indices recorded gains during the previous week. The Nasdaq gained 0.6%, the Dow added 0.9%, and the S&P 500 increased by about 1.2%.
On the sector level, energy, consumer staples, and communication services stocks led gains on Monday. Conversely, information technology and consumer discretionary stocks closed lower.
Investors are currently awaiting earnings results from JPMorgan Chase & Co. (NYSE: JPM), The Goldman Sachs Group Inc. (NYSE: GS), and Citigroup Inc. (NYSE: C) later today.
