The S&P 500 Index ($SPX) (SPY) Monday closed down -0.61%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.54%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.84%.
Stocks on Monday settled lower, with the Dow Jones Industrials posting a 1-1/2 week low. Long liquidation and profit-taking pressured stocks Monday ahead of all-important US inflation news on Wednesday. Higher T-note yields Monday also weighed on stocks along with heightened geopolitical risks in the Middle East after rebels toppled Bashar Al-Assad’s government in Syria, which could lead to a power vacuum in the country as various militias and factions vie for control.
