US open: S&P 500 and Nasdaq fall from record highs

(Sharecast News) - Wall Street stocks were in the red early on Monday after both the S&P 500 and Nasdaq Composite closed out the previous session at all-time highs. As of 1530 GMT, the Dow Jones Industrial Average was down 0.20% at 39,009.54, while the S&P 500 lost 0.08% to 5,132.96 and the Nasdaq Composite came out the gate 0.27% higher at 16,230.23.

The Dow opened 77.84 points lower on Monday, almost reversing gains recorded in the previous session despite weak economic data.

Nvidia continued to trade higher on Monday morning after rallying sharply at the end of last week, with the stock now trading at a new record high, while tech giant Apple traded lower on the back of an almost $2.0bn antitrust fine levelled against it by the European Union.

On the macro front, Federal Reserve Bank of Philadelphia president Patrick Harker will deliver a speech at 1600 GMT.

Later in the week, market participants will turn to ADP's employment survey and job openings data on Wednesday, while Friday will mark the release of both manufacturing and nonfarm payrolls data. Fed chairman Jerome Powell will also testify in front of both the House of Representatives and the Senate on Wednesday and Thursday, respectively.

No major corporate earnings were slated for release on Monday.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

International Business Machines Corporation (CDI) (IBM) $191.77 1.90% Dow Chemical Co. (DOW) $56.40 1.13% Goldman Sachs Group Inc. (GS) $392.46 1.12% Walt Disney Co. (DIS) $112.93 0.88% Intel Corp. (INTC) $44.21 0.88% Caterpillar Inc. (CAT) $338.38 0.50% JP Morgan Chase & Co. (JPM) $186.18 0.48% Cisco Systems Inc. (CSCO) $48.63 0.46% Amgen Inc. (AMGN) $281.46 0.40% Walmart Inc. (WMT) $58.93 0.29%

Dow Jones - Fallers

Apple Inc. (AAPL) $174.55 -2.84% Chevron Corp. (CVX) $148.86 -2.58% Walgreens Boots Alliance, Inc. (WBA) $21.01 -2.21% Johnson & Johnson (JNJ) $158.57 -2.19% Nike Inc. (NKE) $100.07 -1.78% Merck & Co. Inc. (MRK) $124.81 -1.69% 3M Co. (MMM) $90.59 -1.38% Boeing Co. (BA) $197.70 -1.15% American Express Co. (AXP) $217.45 -1.01% Unitedhealth Group Inc. (UNH) $485.64 -0.79%

S&P 500 - Risers

Nektar Therapeutics (NKTR) $0.96 22.91% Macy's Inc. (M) $20.71 14.99% H&R Block Inc. (HRB) $52.54 9.14% Hewlett Packard Enterprise (HPE) $16.38 5.27% Morgan Stanley (MS) $90.11 4.20% United Rentals Inc. (URI) $728.89 4.04% PNC Financial Services Group (PNC) $153.76 4.03% Northern Trust Corp. (NTRS) $85.97 4.01% Packaging Corp. Amer (PKG) $187.16 3.87% Nvidia Corp. (NVDA) $849.38 3.23%

S&P 500 - Fallers

Albemarle Corp. (ALB) $136.87 -4.15% VF Corp. (VFC) $15.67 -3.51% Hershey Foods Corp. (HSY) $181.50 -3.48% Iron Mountain Inc (New) (IRM) $78.31 -3.36% CenturyLink Inc. (LUMN) $1.57 -3.09% Charter Communications Inc. (CHTR) $284.14 -3.08% CH Robinson Worldwide Inc (CHRW) $71.61 -3.07% Alphabet Inc. Class A (GOOGL) $133.18 -2.89% Apple Inc. (AAPL) $174.55 -2.84% Ralph Lauren Corp (RL) $179.83 -2.79%

Nasdaq 100 - Risers

Nvidia Corp. (NVDA) $849.38 3.23% Fastenal Co. (FAST) $75.02 2.99% American Airlines Group (AAL) $16.00 2.17% Synopsys Inc. (SNPS) $601.50 1.72% Costco Wholesale Corp. (COST) $761.85 1.66% Cadence Design Systems Inc. (CDNS) $320.21 1.58% QUALCOMM Inc. (QCOM) $165.59 1.53% Paychex Inc. (PAYX) $124.06 1.50% Cognizant Technology Solutions Corp. (CTSH) $79.68 1.36% Seagate Technology Plc (STX) $98.33 1.20%

Nasdaq 100 - Fallers

Workday, Inc. (WDAY) $274.78 -5.87% Qurate Retail Inc. (QRTEA) $1.33 -5.67% Trip.com Group Limited (TCOM) $42.74 -4.83% Tesla Inc (TSLA) $193.09 -4.71% JD.com, Inc. (JD) $21.92 -4.67% Charter Communications Inc. (CHTR) $284.14 -3.08% Baidu Inc. (BIDU) $100.87 -3.03% Alphabet Inc. Class A (GOOGL) $133.18 -2.89% Apple Inc. (AAPL) $174.55 -2.84% Alphabet Inc. Class C (GOOG) $134.24 -2.78%