In brief
On Monday, the Dow rose 0.41% to 51,983.98, the S&P 500 fell 0.51% to 7,541.40, and the Nasdaq dropped 1.07% to 25,164.32. Oil prices plunged more than 7%, lifting consumer‑discretionary and materials sectors. The rally in industrial stocks, including Sherwin‑Williams and Home Depot, counterbalanced the tech sell‑off, leaving the market mixed.
On Monday, United States equity markets finished mixed: the Dow Jones Industrial Average gained 213.67 points, or 0.41 percent, to 51,983.98; the S&P 500 fell 38.67 points, or 0.51 percent, to 7,541.40, and the Nasdaq Composite slid 272.68 points, or 1.07 percent, to 25,164.32, according to Xinhua.
Sector‑level results showed gains in consumer discretionary (+2.25 %) and materials (+1.83 %), while energy (-3.97 %) and technology (-2.66 %) lagged. Industrial names led the rally: Sherwin‑Williams rose nearly 6 %, Home Depot advanced 3.6 %, and conglomerates Honeywell, 3M and Boeing each climbed more than 2 %.
Oil prices fell sharply, boosting non‑energy stocks. Global Brent crude futures settled 7.63 % lower at $104.77 a barrel, and U.S. West Texas Intermediate fell 7.36 % to $96.46, as reported by the Saudi Press Agency and corroborated by Xinhua.
Manufacturing activity remained solid, with the S&P Global U.S. Manufacturing Purchasing Managers' Index revised to 54.9 for October, above the 50 expansion threshold for a 15th consecutive month, according to Xinhua.
Investor attention has remained on artificial‑intelligence developments. Xinhua noted that AI‑startup Anthropic released an amended S‑1 registration statement showing its third‑quarter financial results, although the impact of the disclosure on market sentiment is yet to be confirmed.
Overall, the tech‑heavy Nasdaq lost more than a percent, while gains in industrial and materials sectors helped lift the Dow, leaving the market mixed at close.
