Global investors on Monday digested new data, policy statements, and earnings reports. In Europe, the MOEX Russia Index rose 0.99%, the British FTSE rose 0.64%, the German DAX climbed 1.58%, the French CAC climbed 1.59%, and the broad STOXX 600 index gained 1.4%. In the US, the Dow Jones Industrial Average (.DJI) rose 1.34% to 31,499.62, the tech-heavy Nasdaq Composite (.IXIC) edged up 0.86% to 10,952.61, and the broad S&P 500 (.INX) index rose 1.19% to 3,797.34. The small cap Russell 2000 (.RUT) eked up 0.35%, and the VIX volatility index rose 0.54%. Chinese stocks listed in the US and US stocks with lots of business in China saw large declines due to investor fear over President Xi Jinping's upcoming third term.
In the S&P 500, the biggest decliners were led by casino firm Las Vegas Sands (NYSE: LVS), whose shares fell 10.29% as investors feared China's anti-business policies will intensify. The other biggest decliners were coffee giant Starbucks (NASDAQ: SBUX), down 5.47%, casino and hotel firm Wynn Resorts (NASDAQ: WYNN), down 3.86%, beauty firm Bath and Body Works (NYSE: BBWI), down 3.77%, and technical professional services firm Jacobs Solutions (NYSE: J), down 3.63%. The biggest gainers were led by healthcare facility firm HCA Healthcare (NYSE: HCA), whose shares jumped 6.97%. The other biggest gainers were home improvement firm Tractor Supply Co (NASDAQ: TSCO), up 5.30%, financial institution Regions Financial (NYSE: RF), up 5.28%, automotive parts firm Genuine Parts Company (NYSE: GPC), up 5.05%, and bank holding company KeyCorp (NYSE: KEY), up 4.91%.
In the Nasdaq, ADR shares of Chinese agriculture technology firm Pinduoduo (NASDAQ: PDD) cratered 24.61% and Chinese ecommerce firm JD.com (NASDAQ: JD) plunged 13.02%, while membership retail firm Costco Wholesale (NASDAQ: COST) rose 3.93% and discount store firm Dollar Tree (NASDAQ: DLTR) rose 3.75%. Among COVID stocks, Australian regenerative medicine firm Mesoblast (NASDAQ: MESO) fell 5.36%, while US biotech firm Novavax (NASDAQ: NVAX) jumped 7.60%. In fixed income markets, the yields on the 30-year Treasury bond edged up 0.086%.
As of press time, in commodities markets, the price of international Brent crude oil futures dipped 0.03%, and US West Texas Intermediate crude slipped 0.24%. The price of natural gas futures rose 4.3%. The price of gold futures dipped 0.13%, silver rose 0.65%, copper slipped 1.17%, palladium fell 2.07%, wheat futures slipped 1.32%, soybean futures dipped 1.64%, and cotton futures fell 3.79%. In crypto asset markets, the price of Bitcoin (BTC) dipped 0.69%, Ether (ETH) rose 1.50%, Binance Coin (BNB) traded flat, XRP slipped 1.27%, and Cardano (ADA) rose 1.79%.