US close: Stocks extend losses on Monday
Wall Street stocks closed firmly in the red yet again on Monday following a sixth-straight losing week for the blue-chip Dow Jones.
At the close, the Dow Jones Industrial Average was down 1.89% at 32,245.70, while the S&P 500 was 3.20% weaker at 3,991.24 and the Nasdaq Composite saw out the session 4.29% softer at 11,623.25.
The Dow closed 653.67 points lower on Monday, extending losses recorded in the previous session despite a slightly better than expected nonfarm payrolls report.
Shares in several big-tech names were trading lower on Monday following a wild week on the Street as market participants weighed up both rising interest rates and the potential for slower economic growth.
Also in focus, the yield on the benchmark 10-year Treasury note eased off slightly to 3.040% on Monday.
On the macro front, US wholesale inventories increased 2.3% month-on-month in March to $840.3bn, according to the Census Bureau, while February's increase was revised to 2.8% to $821.1bn.
In the corporate space, carmaker Ford announced over the weekend that will sell 8.0m shares in Rivian Automotive, while Palantir stock slumped 21% after issuing weak revenue guidance.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
3M Co. (MMM) $152.38 1.91%
Walmart Inc. (WMT) $151.31 1.17%
Amgen Inc. (AMGN) $239.24 1.16%
Home Depot Inc. (HD) $297.03 0.92%
Verizon Communications Inc. (VZ) $48.62 0.73%
Johnson & Johnson (JNJ) $177.33 0.54%
Travelers Company Inc. (TRV) $171.92 0.16%
Honeywell International Inc. (HON) $230.94 0.00%
Dowdupont Inc. (DWDP) $30.52 0.00%
Coca-Cola Co. (KO) $64.61 -0.20%
Dow Jones - Fallers
Boeing Co. (BA) $133.31 -10.47%
Chevron Corp. (CVX) $159.25 -6.70%
Visa Inc. (V) $193.00 -4.84%
Caterpillar Inc. (CAT) $206.29 -3.89%
Microsoft Corp. (MSFT) $264.58 -3.69%
American Express Co. (AXP) $161.02 -3.67%
Salesforce.Com Inc. (CRM) $163.60 -3.59%
Apple Inc. (AAPL) $152.06 -3.32%
Walt Disney Co. (DIS) $106.98 -3.00%
Nike Inc. (NKE) $111.21 -2.86%
S&P 500 - Risers
News Corp Class B (NWS) $17.59 4.02%
Stanley Black & Decker Inc. (SWK) $125.66 3.83%
Campbell Soup Co. (CPB) $51.39 3.46%
J. M. Smucker Co. (SJM) $145.01 2.96%
General Mills Inc. (GIS) $73.50 2.94%
Church Dwight Co Inc. (CHD) $98.36 2.75%
Kellogg Co. (K) $74.53 2.47%
News Corp Class A (NWSA) $17.50 2.28%
Clorox Co. (CLX) $157.43 2.27%
Tyson Foods Inc. (TSN) $92.84 2.22%
S&P 500 - Fallers
Apache Corp. (APA) $37.53 -14.92%
Nektar Therapeutics (NKTR) $3.71 -14.71%
Marathon Oil Corp. (MRO) $24.20 -14.03%
Mosaic Company (MOS) $55.86 -12.79%
Norwegian Cruise Line Holdings Ltd (NCLH) $15.95 -12.70%
Royal Caribbean Cr (RCL) $61.41 -12.08%
FMC Technologies Inc. (FTI) $6.85 -11.84%
Schlumberger Ltd. (SLB) $38.04 -11.60%
Illumina Inc. (ILMN) $220.68 -11.39%
Carnival Corp. (CCL) $14.14 -11.18%
Nasdaq 100 - Risers
Kraft Heinz Co. (KHC) $44.19 1.38%
Amgen Inc. (AMGN) $239.24 1.16%
PACCAR Inc. (PCAR) $85.35 1.01%
Cognizant Technology Solutions Corp. (CTSH) $76.27 0.99%
eBay Inc. (EBAY) $49.26 0.92%
Charter Communications Inc. (CHTR) $463.67 0.85%
Mondelez International Inc. (MDLZ) $66.28 0.84%
Qurate Retail Inc. (QRTEA) $3.68 0.82%
Gilead Sciences Inc. (GILD) $61.68 0.82%
O'Reilly Automotive Inc. (ORLY) $610.07 0.27%
Nasdaq 100 - Fallers
Mercadolibre Inc. (MELI) $770.99 -16.88%
Illumina Inc. (ILMN) $220.68 -11.39%
Nvidia Corp. (NVDA) $169.50 -9.24%
Tesla Inc (TSLA) $787.11 -9.07%
Baidu Inc. (BIDU) $106.62 -8.68%
American Airlines Group (AAL) $16.32 -8.52%
JD.com, Inc. (JD) $51.04 -8.22%
Booking Holdings Inc. (BKNG) $2,023.57 -7.78%
Wynn Resorts Ltd. (WYNN) $61.33 -7.50%
Trip.com Group Limited (TCOM) $19.71 -7.46%