FX.co ★ US Stocks Lower to Kick Off the Week

On Monday, U.S. stocks took a downturn, with the S&P 500 experiencing a 0.7% decline, breaking a 9-day streak that had been the longest since November 2004. The Nasdaq fell by 0.8%, and the Dow Jones decreased by approximately 160 points. This shift in investor sentiment was largely attributed to stalled trade discussions between the U.S. and China. President Donald Trump mentioned he has no immediate plans to converse with Chinese President Xi Jinping this week, although he suggested potential trade agreements with unspecified nations might be on the horizon. Market participants are also gearing up for the upcoming release of the ISM Services PMI and the Federal Reserve's policy decision on Wednesday. All sectors experienced losses, with notable underperformance in energy, financials, and consumer discretionary sectors. On the corporate side, most major cap stocks fell, with Apple down 1.2%, Nvidia 0.6%, Amazon 1.5%, Meta 1%, and Tesla 1.9%. Microsoft saw minimal change, though Alphabet shares increased by 0.3%. Additionally, Berkshire Hathaway's shares fell by about 2% following Warren Buffett's announcement of his intended resignation at year's end.