Source: Sharecast
At the close, the Dow Jones Industrial Average was down 1.91% at 33,063.61, as the S&P 500 lost 2.14% to 4,137.99 and the Nasdaq Composite was 2.55% weaker at 12,381.57.
The Dow had lost 643.13 points by the end of trading on what was Wall Street’s worst day since June.
“US markets have taken their lead from European markets … as natural gas prices surge on both sides of the Atlantic,” said CMC Markets chief market analyst Michael Hewson.
“The meme stock bubble is also imploding again with cinema chain AMC Entertainment shares down heavily as its new APE preferred shares start trading, and sector peer Cineworld confirms it’s looking at a possible Chapter 11 bankruptcy.”
There was little in the way of economic news stateside on Monday, with the sole data point being the Chicago Fed national activity index, which came in at a positive 0.27 for July.
That compared to -0.25 in June, which was itself revised from an initial reading of -0.19.
In equities, Signify Health rocketed 32.08% following reports that Amazon was among the bidders for the company.
The Wall Street Journal cited “people familiar with the matter” as saying that Amazon was joining the likes of CVS Health and UnitedHealth Group in an auction for the home-health service provider.
Sources told the WSJ that Signify was for sale in an auction that could value it at more than $8bn.
On the downside, cruise operators fared poorly, with Carnival down 4.86%, Norwegian Cruise Line off 4.78%, and Caribbean Group 4.72% weaker.
Other players in the travel sector were also on the back foot, with Delta Air Lines down 2.62% and United Airlines off 3.04%, while hotel operators Marriott International and Hilton Worldwide lost 2.14% and 2.88%, respectively.
Reporting by Josh White at Sharecast.com. Additional reporting by Alexander Bueso.
Dow Jones - Risers
Honeywell International Inc. (HON) $0.00 0.00%
Dowdupont Inc. (DWDP) $0.00 0.00%
Procter & Gamble Co. (PG) $149.37 -0.27%
Chevron Corp. (CVX) $156.75 -0.50%
Verizon Communications Inc. (VZ) $44.15 -0.56%
Unitedhealth Group Inc. (UNH) $544.32 -0.68%
Merck & Co. Inc. (MRK) $91.27 -1.00%
Johnson & Johnson (JNJ) $167.45 -1.02%
McDonald's Corp. (MCD) $263.10 -1.35%
Coca-Cola Co. (KO) $64.17 -1.49%
Dow Jones - Fallers
Intel Corp. (INTC) $33.84 -4.35%
Salesforce.Com Inc. (CRM) $177.08 -3.69%
Walt Disney Co. (DIS) $116.04 -3.50%
Microsoft Corp. (MSFT) $277.75 -2.94%
Home Depot Inc. (HD) $312.48 -2.84%
American Express Co. (AXP) $157.84 -2.80%
Nike Inc. (NKE) $110.37 -2.49%
3M Co. (MMM) $141.71 -2.49%
Boeing Co. (BA) $158.44 -2.42%
Walgreens Boots Alliance, Inc. (WBA) $37.31 -2.38%
S&P 500 - Risers
Mosaic Company (MOS) $55.31 3.44%
Albemarle Corp. (ALB) $274.81 2.10%
CF Industries Holdings Inc. (CF) $105.56 2.07%
Apache Corp. (APA) $36.79 1.77%
Kroger Co. (KR) $50.11 1.25%
Constellation Brands Inc. Class A (STZ) $254.95 1.24%
Coterra Energy Inc. (CTRA) $30.59 0.92%
Marathon Oil Corp. (MRO) $24.65 0.78%
Elevance Health Inc. (ELV) $506.37 0.69%
Newmont Corporation (NEM) $43.81 0.67%
S&P 500 - Fallers
Carmax Inc. (KMX) $89.86 -6.66%
Hanesbrands Inc. (HBI) $9.68 -6.58%
Macerich Co (MAC) $10.19 -6.09%
Netflix Inc. (NFLX) $226.54 -6.06%
Borg Warner Inc. (BWA) $36.71 -5.75%
Sl Green Realty Corp. (SLG) $45.94 -5.66%
Bath & Body Works, Inc. (BBWI) $36.43 -5.61%
Kohls Corp. (KSS) $28.31 -5.52%
Booking Holdings Inc. (BKNG) $1,972.67 -5.47%
VF Corp. (VFC) $43.24 -5.29%
Nasdaq 100 - Risers
Baidu Inc. (BIDU) $131.46 1.80%
Trip.com Group Limited (TCOM) $26.56 1.72%
NetEase Inc. Ads (NTES) $85.72 1.20%
JD.com, Inc. (JD) $55.32 1.13%
Citrix Systems Inc. (CTXS) $102.97 0.19%
Cerner Corp. (CERN) $0.00 0.00%
Mylan Inc. (MYL) $0.00 0.00%
Celgene Corp. (CELG) $0.00 0.00%
Maxim Integrated Products Inc. (MXIM) $0.00 0.00%
Shire Plc Ads (SHPG) $0.00 0.00%
Nasdaq 100 - Fallers
Netflix Inc. (NFLX) $226.54 -6.06%
Booking Holdings Inc. (BKNG) $1,972.67 -5.47%
Align Technology Inc. (ALGN) $256.05 -5.10%
Dish Network Corp. (DISH) $17.46 -5.06%
Wynn Resorts Ltd. (WYNN) $60.50 -4.98%
Qurate Retail Inc. (QRTEA) $3.49 -4.64%
Asml Holdings N.V. (ASML) $520.07 -4.62%
Nvidia Corp. (NVDA) $170.34 -4.57%
Workday, Inc. (WDAY) $160.85 -4.36%
Intel Corp. (INTC) $33.84 -4.35%
