US close: S&P 500 retreats from last week's record close

(Sharecast News) - Stocks were lower at the closing bell on Monday as the S&P 500 came off its third consecutive winning week. At the close, the Dow Jones Industrial Average was down 0.54% at 44,401.93, while the S&P 500 lost 0.61% to 6,052.85 and the Nasdaq Composite saw out the session 0.62% weaker at 19,736.69.

The Dow closed 240.59 points lower on Monday, extending losses recorded in the previous session on the back of a November jobs report that pointed to stronger-than-expected growth last month.

While last month's non-farm payrolls report revealed payrolls had risen by 227,000, a significant increase from October's upwardly revised print of 36,000, it failed to hurt expectations of a 25-basis point interest rate cut from the Federal Reserve when it next convenes on 17 and 18 December.

Later in the week, investors will pay strict attention to November's consumer price index on Wednesday, as well as Thursday's producer price index, as traders hope to gain further insight into the Federal Reserve's thinking going into its two-day policy meeting next week.

On Monday's macro slate, wholesale inventories rose 0.2% month-on-month to $905.0bn in October, according to the Census Bureau, in line with preliminary estimates. Non-durables stocks increased by 0.3%, while durable inventories ticked up 0.1%.

In the corporate space, Nvidia shares were lower after China announced that it had launched an investigation in to the AI darling for potential violations of the country's anti-monopoly laws.

No major earnings were released on Monday.











Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Walgreens Boots Alliance, Inc. (WBA) $8.85 3.39% Boeing Co. (BA) $160.64 2.02% Unitedhealth Group Inc. (UNH) $547.37 2.00% Amgen Inc. (AMGN) $277.63 1.85% Dow Chemical Co. (DOW) $43.26 1.76% Apple Inc. (AAPL) $246.75 1.61% Chevron Corp. (CVX) $158.93 1.19% Caterpillar Inc. (CAT) $401.17 1.07% McDonald's Corp. (MCD) $301.85 0.80% Merck & Co. Inc. (MRK) $104.56 0.68%

Dow Jones - Fallers

Travelers Company Inc. (TRV) $253.91 -3.53% International Business Machines Corporation (CDI) (IBM) $233.42 -3.38% Salesforce.Com Inc. (CRM) $353.67 -2.88% American Express Co. (AXP) $299.30 -2.39% Walmart Inc. (WMT) $94.11 -1.95% Walt Disney Co. (DIS) $114.65 -1.82% Procter & Gamble Co. (PG) $171.23 -1.74% Nike Inc. (NKE) $78.34 -1.58% Cisco Systems Inc. (CSCO) $58.95 -1.57% JP Morgan Chase & Co. (JPM) $246.02 -1.44%

S&P 500 - Risers

Hershey Foods Corp. (HSY) $199.90 10.85% Whirlpool Corp. (WHR) $122.78 10.31% Bath & Body Works, Inc. (BBWI) $39.01 7.08% Ipg Photonics Corp. (IPGP) $81.31 6.05% Advance Auto Parts (AAP) $48.76 5.49% VeriSign Inc. (VRSN) $200.46 4.88% Illumina Inc. (ILMN) $147.53 4.56% Albemarle Corp. (ALB) $110.03 4.48% Microchip Technology Inc. (MCHP) $61.87 4.35% AES Corp. (AES) $13.79 4.21%

S&P 500 - Fallers

Omnicom Group Inc. (OMC) $94.93 -10.25% Comcast Corp. (CMCSA) $39.05 -9.50% Charter Communications Inc. (CHTR) $365.96 -9.20% CenturyLink Inc. (LUMN) $6.64 -7.14% Cintas Corp. (CTAS) $208.30 -6.89% Norwegian Cruise Line Holdings Ltd (NCLH) $26.48 -6.11% Advanced Micro Devices Inc. (AMD) $130.87 -5.57% Incyte Corp. (INCY) $72.11 -5.02% Iron Mountain Inc (New) (IRM) $114.60 -4.84% Carnival Corp. (CCL) $25.79 -4.58%

Nasdaq 100 - Risers

JD.com, Inc. (JD) $41.27 11.00% NetEase Inc. Ads (NTES) $100.96 10.59% Trip.com Group Limited (TCOM) $75.06 8.67% Baidu Inc. (BIDU) $93.04 7.65% Workday, Inc. (WDAY) $279.91 5.06% Illumina Inc. (ILMN) $147.53 4.56% Microchip Technology Inc. (MCHP) $61.87 4.35% Idexx Laboratories Inc. (IDXX) $450.68 3.44% Walgreens Boots Alliance, Inc. (WBA) $8.85 3.39% Kraft Heinz Co. (KHC) $31.72 2.95%

Nasdaq 100 - Fallers

Comcast Corp. (CMCSA) $39.05 -9.50% Charter Communications Inc. (CHTR) $365.96 -9.20% Cintas Corp. (CTAS) $208.30 -6.89% T-Mobile Us, Inc. (TMUS) $228.86 -6.12% Mercadolibre Inc. (MELI) $1,844.30 -5.28% Incyte Corp. (INCY) $72.11 -5.02% Liberty Global plc Series A (LBTYA) $12.78 -4.77% Liberty Global plc Series C (LBTYK) $13.58 -3.21% Qurate Retail Inc. (QRTEA) $0.37 -3.18% Booking Holdings Inc. (BKNG) $5,149.60 -2.84%