Dow Jones Suffers Significant Losses

On Monday, major US stock exchanges closed lower, with the Dow Jones Industrial Average plunging 240 points, or 0.54%. This decline was largely driven by investors focusing on upcoming economic data releases this week.

The Travelers Companies was among the biggest losers, shedding 3.53% of its value. Meanwhile, the Nasdaq 100 slid 0.84%, with Applovin experiencing a significant 14.68% drop. The S&P 500 also finished the day down by 0.61%, with Omnicom Group plummeting 10.25%.

Upcoming Economic Data and International Developments

Investors are eagerly awaiting the consumer inflation report, set to be unveiled on Wednesday, and the 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.

In international news, China has announced a probe into Nvidia, investigating alleged anti-monopoly regulation violations.

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