The three major indexes closed Monday lower.
 | MON, OCT 11, 2021 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 142.81 | -0.09 | -0.06% | | VZ | 52.18 | -1.06 | -1.99% | | MSFT | 294.23 | -0.62 | -0.21% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | T | 26.03 | -0.74 | -2.76% | | AAPL | 142.81 | -0.09 | -0.06% | | F | 15.09 | -0.03 | -0.20% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 142.81 | -0.09 | -0.06% | | CMCSA | 52.22 | -2.48 | -4.53% | | AMD | 104.68 | -0.38 | -0.36% | |
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U.S. stocks dipped Monday with the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite each notching their second-straight losing session. Stocks churned for most of the day before closing at their lows. The Dow was up more than 200 points at its intraday high and closed down 250 points. Eight out of 11 S&P 500 sectors were negative. Investors eyed surging oil prices, economic worries and major earnings reports to come. WTI crude oil popped above $82 at its high Monday. Meanwhile, Goldman Sachs cut its U.S. economic growth forecast.
JPMorgan shares fell before it kicks off third-quarter earnings season Wednesday. Bitcoin was where the action was on Monday with its rally gaining steam as the cryptocurrency rose above $57,000.  Investors are hoping a bitcoin futures exchange-traded fund could be approved soon. Plus, the heads of the Federal Reserve and the Securities and Exchange Commission said recently they have no intention of banning bitcoin, which has fueled the coin's 30% October gain. Bitcoin is also increasingly being viewed as an inflation hedge, analysts say.
Despite Monday's rally, some things never change as JPMorgan's chief executive Jamie Dimon called bitcoin "worthless." But, the longtime bitcoin skeptic did note JPMorgan's clients think otherwise. |
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