Stocks are down today as investors deal with several negatives that are keeping the market from performing well on Monday.
The first big bit of news weighing on the stock market is an upcoming Organization of the Petroleum Exporting Countries (OPEC+) meeting this week. That meeting was delayed and all of the recent news around it has caused the price of oil to drop. This also has several oil stocks falling today.
Another piece of news that has investors worried this week is the Personal Consumption Expenditures (PCE) inflation report. This report tracks inflation and will come out on Thursday. Investors are hoping there will be nothing in the report to make the Federal Reserve increase interest rates to combat inflation.
Investors will also note that the market is coming off of strong performance in the first few weeks of November. Considering that strength, it’s unsurprising to see a more muted experience from the stock market today.
Let’s check out how the major stock indices are reacting below!
Stocks Down Today: Major Indices Falling
- The S&P 500 starts us off with a 0.11% drop on Monday morning.
- Next is the Dow Jones Industrial Average with a 0.22% decrease as of this writing.
- Finally, the Nasdaq Composite breaks the trend with a 0.05% increase today.
Outside of this, there are plenty more stock market stories traders will want to know about on Monday!
Luckily, we’ve got all of that ready to go with the hottest market coverage for today! A few examples include what’s happening with shares of Mullen Automotive (NASDAQ:MULN), why oil stocks are down and the latest news concerning Volkswagen (OTCMKTS:VWAGY) layoffs. All of that news is available at the following links!
More Stock Market News for Monday
- MULN Stock: Mullen Wants U.S. Customs and Border Protection Approval for Its EVs
- Why Are Oil Stocks Down Today?
- Volkswagen Layoffs 2023: What to Know About the Latest Volkswagen Job Cuts
On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
