Wall Street closes lower, Dow gains over 140 points

US stocks closed lower on Monday, pressured by a weaker semiconductor sector as investors awaited Nvidia’s earnings report due later this week, while a decline in Treasury yields helped curb the losses.

The Dow Jones Industrial Average grew 0.26%, or 140 points, to 53,417. The broader S&P 500 declined 0.28%, or 21 points, to 7,652, while the Nasdaq Composite fell 0.77%, or 200 points, to 25,980.

The STOXX Europe 600 closed broadly flat at 654 points, remaining close to its record high. The UK’s FTSE 100 rose 0.35% to 10,854, Germany’s DAX fell 0.11% to 26,106, and France’s CAC 40 decreased 0.37% to 8,453.

Japan’s Nikkei 225 fell 0.74% to 65,528, while the broader TOPIX grew 0.15% to 4,073.

Brent crude futures for October delivery fell 2.35%, or $2.22, to $92.17 a barrel. US Nymex crude futures for October delivery declined 2.35%, or $2.05, to $85.01 a barrel.

Gold futures for December delivery rose 0.36%, or $17.2, to $4,697.80 an ounce.

Semiconductor stocks came under pressure, weighing on the broader US market, while lower Treasury yields provided some relief to Wall Street as investors awaited inflation data and a speech by Federal Reserve Chair Kevin Warsh later this week.