Investing.com – Wall Street dipped lower on Monday as technology stocks fell and geopolitical tensions weighed on investors.
The S&P 500 lost three points, or 0.11%, to 2,798.69 as of 9:36 AM ET (13:36 GMT), while the Dow decreased 33 points, or 0.13%, to 25,025.03 and the tech-heavy Nasdaq Composite was down 21 points, or 0.27%, to 7,798.91.
Geopolitical tensions remain at the back of investors' minds, as U.S. President Donald Trump warned Iranian President Hassan Rouhani on Sunday to “never, ever threaten the U.S. again,” or Iran would “suffer the consequences.”
Traders are also looking ahead to a flurry of earnings reports this week, with Google (NASDAQ:GOOGL) expected to report its financial results after the closing bell.
Riot Blockchain (NASDAQ:RIOT) was among the top gainers after the morning bell, surging 6.44%, while Jd.Com (NASDAQ:JD) rose 1.35% amid reports that the Chinese e-commerce firm is expanding to Europe.
Meanwhile, Fiat Chrysler (NYSE:FCAU) slumped 2.87% after the automker was forced to replace CEO Sergio Marchionne, who became gravely ill after a surgery in early July. Tesla (NASDAQ:TSLA) was down 4.94% after a report that the company was asking suppliers for cash back to help turn a profit. CEO Elon Musk tweeted that only new cost-savings would apply to quarter three and beyond.
In Europe, stocks were down. Germany’s DAX fell 18 points, or 0.14%, while in France the CAC 40 decreased 27 points, or 0.51%, and in London, the FTSE 100 was down 16 points, or 0.22%. Meanwhile, the pan-European Euro Stoxx 50 lost 10 points, or 0.31%, while Spain’s IBEX 35 inched down 21 points, or 0.22%.
In commodities, gold futures fell 0.31% to $1,227.30 a troy ounce, while crude oil futures increased 1.04% to $68.97 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, inched forward 0.02% to 94.27.