As investors dealt with rising oil costs and anticipated significant US inflation data and profits, Wall Street stocks fell early on Monday.
As Israel said that it had carried out a “targeted” assault on a southern Beirut suburb that the military characterized as a crucial Hezbollah stronghold, crude oil prices increased early on Monday, the one-year mark of the Hamas attack on Israel.
Along with Hurricane Helene’s aftermath in North Carolina and nearby states, markets are keeping an eye on Hurricane Milton, which is rapidly developing and is predicted to hit Florida later this week.
After almost fifteen minutes of trade, the Dow Jones Industrial Average was trading at 42,209.88, down 0.3 percent.
The tech-heavy Nasdaq Composite Index down 0.5 percent to 18,055.70, while the broad-based S&P 500 fell 0.4 percent to 5,730.60.
Last week, major US indexes managed to advance after robust September jobs statistics.
The September data on the consumer price index and the initial set of third-quarter corporate profits are scheduled for this week.
Among specific firms, Chevron had a 1.1% increase after announcing the sale of its Canadian holdings to Canadian Natural Resources Limited for $6.5 billion.
