Dow Drops 162 Points As Investor Optimism Fades

The Dow shed more than 160 points on Monday, while the Nasdaq and S&P 500 also kicked off the holiday-shortened week with losses. Much of the optimism surrounding potential interest rate cuts has faded, with the chip sector also taking a breather after China said it would block the use of Intel (INTC) and Advanced Micro Devices (AMD) chips in government computers and servers.

Closing Indexes Summary March 25

NYSE and Nasdaq Stats March 25

Unusual Option Activity March 25


OIL MOVES HIGHER ON RUSSIA-UKRAINE TENSION

Oil prices settled higher on Monday, as tensions between Russia and Ukraine escalated and the U.S. rig count declined. May-dated West Texas Intermediate (WTI) added $1.32, or 1.6%, to settle at $81.95 per barrel on the day.

Gold prices also finished higher, as investors continued to hope for three interest rate cuts and ahead of this week's inflation data. April-dated gold rose $16.70, or 0.7%, to settle at $2,174.80 per ounce on the day.


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