{"id":436404,"date":"2026-08-18T03:20:52","date_gmt":"2026-08-17T20:20:52","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-stock-indices-closed-lower-on-the-day-declines-are-led-by-the-sp-dow-436404\/"},"modified":"2026-08-18T03:20:52","modified_gmt":"2026-08-17T20:20:52","slug":"us-stock-indices-closed-lower-on-the-day-declines-are-led-by-the-sp-dow","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-stock-indices-closed-lower-on-the-day-declines-are-led-by-the-sp-dow-436404\/","title":{"rendered":"US stock indices closed lower on the day. Declines are led by the S&amp;P\/Dow"},"content":{"rendered":"<div>\n<p class=\"isSelectedEnd\">The major U.S. stock indices closed lower, with selling accelerating into the afternoon as rising oil prices and higher Treasury yields weighed on investor sentiment. The declines came after the S&amp;P 500 reached a record high last week, leaving the market vulnerable to some profit-taking.<\/p>\n<p class=\"isSelectedEnd\">The closing levels show:<\/p>\n<ul>\n<li>Dow industrial average: -272.03 points or -0.51% at 53,465.36<\/li>\n<li>S&amp;P 500: -40.37 points or -0.52% at 7,745.38<\/li>\n<li>Nasdaq Composite: -84.25 points or -0.32% at 26,644.91<\/li>\n<li>Nasdaq 100: -50.76 points or -0.17% at 29,995.38<\/li>\n<li>Russell 2000: -10.87 points or -0.35% at 3,057.53<\/li>\n<\/ul>\n<p class=\"isSelectedEnd\">The S&amp;P 500 and Dow were the weakest of the major indices, while the Nasdaq 100 held up relatively better. <\/p>\n<p class=\"isSelectedEnd\">Helping to contribute to the declines was higher in crude oil. WTI climbed more than 2% as concerns surrounding the Strait of Hormuz and stalled U.S.-Iran negotiations kept supply risks front and center. <\/p>\n<p class=\"isSelectedEnd\">The rise in oil helped energy shares outperform but also renewed concerns about inflation and interest rates. The S&amp;P energy component rose by\u00a00.87% and was the only S&amp;P component that rose on the day. The communication services fell by -1.47% and consumer staples fell by -1.46%. Financials fell by -1.04%<\/p>\n<p class=\"PDq2pG_selectionAnchorContainer\">Chip and AI stocks controlled the notable winners with Sandisk continuing it run higher following the investor day last Thursday.\u00a0 Shares rose by an additional 8.88% today and are up 35% since that day:<\/p>\n<ul>\n<li>Sandisk (SNDK): +8.88%<\/li>\n<li>Credo Technology (CRDO): +8.87%<\/li>\n<li>Coherent (COHR): +7.79%<\/li>\n<li>Applied Materials (AMAT): +5.55%<\/li>\n<li>Marvell Technology (MRVL): +5.54%<\/li>\n<li>Lumentum (LITE): +4.62%<\/li>\n<li>Micron (MU): +4.13%<\/li>\n<li>Lam Research (LRCX): +3.45%<\/li>\n<li>SK Hynix (SKHY): +3.04%<\/li>\n<li>ASML (ASML): +2.12%<\/li>\n<\/ul>\n<p class=\"isSelectedEnd\">Treasury yields moved higher as well, adding another layer of pressure on equities. The 10-year yield pushed up to 4.72% up 3.1 basis points, while the 30-year yield moved to 5.31%, up 4.8 basis points and to the highest level since June 2007 . Higher oil prices, along with today&#8217;s stronger New York manufacturing data, contributed to the upward pressure on yields.<\/p>\n<p class=\"isSelectedEnd\">Attention now turns toward the consumer, with a busy week of retail earnings ahead. Home Depot, Walmart, Target and Lowe&#8217;s are among the major companies reporting, giving investors another look at consumer spending after Friday&#8217;s weaker-than-expected U.S. retail sales report. Traders will also get the minutes from the Federal Reserve&#8217;s July meeting on Wednesday.<\/p>\n<p>For now, Monday&#8217;s decline represents another pullback from last week&#8217;s record territory, with rising oil prices and Treasury yields providing the main headwinds while strength in AI and semiconductor shares helped limit the losses in the Nasdaq.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The major U.S. stock indices closed lower, with selling accelerating into the afternoon as rising oil prices and higher Treasury yields weighed on investor sentiment. The declines came after the S&amp;P 500&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-436404","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/436404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=436404"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/436404\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=436404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=436404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=436404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}