U.S. Stocks Move Mostly Lower, Nasdaq Slumps As SpaceX Plunges

With trading resuming following the long holiday weekend, stocks moved mostly lower during trading on Monday following the strong performance seen during last Friday's session. The tech-heavy Nasdaq showed a significant move to the downside.

The Nasdaq saw continued weakness late in the day, closing down 351.33 points or 1.3 percent at 26,166.60. The S&P 500 also fell 27.79 points or 0.4 percent to 7,472.79, while the narrower Dow bucked the downtrend and rose 148.01 points or 0.3 percent to 51,712.71.

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by RTTNews Staff Writer

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