Dow Jones Suffers Significant Losses Amid Economic Data Anticipation

On Monday, major US stock exchanges closed lower, with the Dow Jones Industrial Average dropping by 240 points, or 0.54%. This decline occurred as investors anxiously awaited key economic data releases scheduled for the week. Notably, the consumer inflation report is set to be unveiled on Wednesday, followed by producer price data on Thursday. Earlier in the day, the US Census Bureau reported a 0.2% month-on-month increase in wholesale inventories.

Tech Sector Shaken by China's Anti-Monopoly Probe into Nvidia

In the tech sector, China's announcement of a probe into Nvidia's alleged anti-monopoly regulation violations added to the market's unease. Meanwhile, individual stocks also experienced significant drops. The Travelers Companies lost 3.53%, Applovin tanked 14.68%, and Omnicom plummeted 10.25%.

Currency Markets: Euro Slightly Down Against the Dollar

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