Dow Jones Suffers Significant Losses Amid Economic Data Concerns

On Monday, major US stock exchanges closed lower, with the Dow Jones Industrial Average dropping 240 points, or 0.54%, as investors focused on upcoming economic data releases. The Travelers Companies led the losses, falling 3.53%.

This week, investors are particularly focused on the consumer inflation report, set to be unveiled on Wednesday, and producer price data, scheduled for release on Thursday. Earlier today, the US Census Bureau reported a 0.2% month-on-month increase in wholesale inventories.

Tech Sector and International Developments

In the tech sector, China announced a probe into Nvidia over alleged anti-monopoly regulation violations. Meanwhile, the Nasdaq 100 slid 0.84%, with Applovin experiencing a significant 14.68% drop. The S&P 500 also finished the day with a 0.61% loss, led by a 10.25% plunge in Omnicom.

The euro traded 0.14% below the dollar at 3:59 pm ET, changing hands for 1.05507.