US open: Major indices in the red ahead of key economic reports

(Sharecast News) - Major indices were in the red early on Monday as market participants braced for a number of major US economic reports scheduled for release this week.

As of 1515 GMT, the Dow Jones Industrial Average was down 0.07% at 48,422.45, while the S&P 500 shed 0.27% to 6,821.47 and the Nasdaq Composite came out of the gate 0.28% weaker at 23,129.31.

The Dow opened 35.60 points lower on Monday, extending losses recorded in the previous session as investors rotated out of artificial intelligence stocks, just a day after the blue-chip index finished at a fresh record high.

Multiple key US economic data points will be released this week, with delayed reports set to be published following the autumn government shutdown. On Tuesday, November's non-farm payrolls figures will be published alongside October retail sales data, while November's consumer price index will be released on Thursday. The reports will provide investors with fresh insight into the state of the US labour market, consumer spending and inflation trends heading into yearend.

On Monday's macro slate, the New York Empire State manufacturing index dropped to -3.9 in December, according to the Federal Reserve, down from a one-year high of 18.7 in November and worse than expectations of 10, pointing to a return to contraction after two straight months of expansion.

Elsewhere, the National Association of House Builders' housing market index inched higher in December, hitting 39, increasing from 38 in November, but stayed below the 50 threshold for a 20th straight month, with builders continuing to battle with increased construction costs, economic and tariff risks, as well as muted buyer demand as a result of ongoing affordability concerns.

No major corporate earnings were scheduled for release on Monday.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Goldman Sachs Group Inc. (GS) $900.39 1.40%

Johnson & Johnson (JNJ) $214.09 1.19%

Travelers Company Inc. (TRV) $288.44 1.10%

Coca-Cola Co. (KO) $71.24 1.01%

JP Morgan Chase & Co. (JPM) $321.45 0.92%

Amgen Inc. (AMGN) $320.57 0.89%

Procter & Gamble Co. (PG) $144.06 0.85%

Verizon Communications Inc. (VZ) $41.15 0.65%

Cisco Systems Inc. (CSCO) $78.26 0.59%

Intel Corp. (INTC) $38.01 0.52%

Dow Jones - Fallers

Salesforce.Com Inc. (CRM) $256.62 -2.14%

Dow Chemical Co. (DOW) $23.57 -1.67%

Caterpillar Inc. (CAT) $589.50 -1.40%

Apple Inc. (AAPL) $274.56 -1.34%

Unitedhealth Group Inc. (UNH) $339.05 -0.82%

Visa Inc. (V) $345.43 -0.69%

Walt Disney Co. (DIS) $111.03 -0.52%

3M Co. (MMM) $168.11 -0.47%

Chevron Corp. (CVX) $149.31 -0.45%

Nike Inc. (NKE) $67.21 -0.39%

S&P 500 - Risers

Akamai Technologies Inc. (AKAM) $89.74 4.49%

Gartner Inc. (IT) $243.70 4.19%

KLA-Tencor Corp. (KLAC) $1,243.12 4.12%

Hershey Foods Corp. (HSY) $187.70 3.23%

Lam Research Corp. (LRCX) $165.50 3.10%

Philip Morris International Inc. (PM) $158.28 3.01%

Intuitive Surgical Inc. (ISRG) $557.25 2.75%

Bristol-Myers Squibb (BMY) $53.77 2.59%

Synopsys Inc. (SNPS) $464.57 2.56%

Zoetis Inc (ZTS) $121.69 2.55%

S&P 500 - Fallers

CenturyLink Inc. (LUMN) $8.03 -5.53%

FMC Corp. (FMC) $13.34 -4.10%

Nektar Therapeutics (NKTR) $52.46 -4.10%

Mosaic Company (MOS) $25.14 -4.08%

Oracle Corp. (ORCL) $182.84 -3.76%

eBay Inc. (EBAY) $82.66 -3.16%

Constellation Brands Inc. Class A (STZ) $143.64 -2.56%

Broadcom Inc. (AVGO) $350.96 -2.49%

LyondellBasell Industries (LYB) $43.31 -2.44%

Devon Energy Corp. (DVN) $36.62 -2.41%

Nasdaq 100 - Risers

Tesla Inc (TSLA) $480.93 4.79%

KLA-Tencor Corp. (KLAC) $1,243.12 4.12%

Lam Research Corp. (LRCX) $165.50 3.10%

Intuitive Surgical Inc. (ISRG) $557.25 2.75%

Synopsys Inc. (SNPS) $464.57 2.56%

Fastenal Co. (FAST) $43.03 2.43%

Applied Materials Inc. (AMAT) $264.88 2.19%

Take-Two Interactive Software Inc. (TTWO) $246.73 2.18%

Marriott International - Class A (MAR) $304.73 2.01%

Micron Technology Inc. (MU) $245.62 1.86%

Nasdaq 100 - Fallers

Baidu Inc. (BIDU) $121.05 -3.17%

eBay Inc. (EBAY) $82.66 -3.16%

Broadcom Inc. (AVGO) $350.96 -2.49%

Biogen Inc (BIIB) $170.72 -1.94%

Adobe Systems Inc. (ADBE) $350.85 -1.57%

Workday, Inc. (WDAY) $221.01 -1.55%

Apple Inc. (AAPL) $274.56 -1.34%

Liberty Global plc Series A (LBTYA) $11.10 -1.33%

Texas Instruments Inc (TXN) $177.04 -1.33%

Costco Wholesale Corp. (COST) $876.47 -0.90%