· World stock markets dipped as worries about a global slowdown in smartphone demand dented the technology sector, while oil prices fell after U.S. President Donald Trump sent a tweet criticizing OPEC and then mostly recovered.
· The Dow Jones Industrial Average .DJI fell 202.09 points, or 0.82 percent, to 24,462.8, the S&P 500 .SPX lost 22.98 points, or 0.85 percent, to 2,670.15 and the Nasdaq Composite .IXIC dropped 91.93 points, or 1.27percent, to 7,146.13.
Wall Street’s three major indexes declined on Friday as investors worried about a jump in U.S. bond yields, with technology stocks leading the decline on nerves about upcoming earnings reports and iPhone demand.
· Asian stocks were narrowly mixed on Monday, with Japan and South Korea getting off to a muted start after U.S. markets posted Friday losses amid declines in technology stocks.
The Nikkei 225 was flat in early trade while the broader Topix drifted higher by 0.21 percent. Among sectors, financials, shippers and automakers traded in positive territory, while technology was a mixed bag.
Elsewhere, the Kospi was off by 0.08 percent, with automakers and retailers declining as steelmakers climbed. In Australia, the S&P/ASX 200 advanced 0.28 percent, with all sectors except the telecommunications subindex in the green.
Reference: Reuters, CNBC
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