The Dow Jones Industrial Average dropped 360.22 points, or 0.68%, to 52,825.68 after market open.

Market snapshot

The decline placed the index at 52,825.68, reflecting broad selling pressure at the start of the trading session. The move of 360.22 points represented a 0.68% fall from the previous close.

US equities closed lower on Monday as renewed US-Iran strikes drove crude prices sharply higher, reigniting inflation concerns and pushing the 10-year Treasury yield to its highest level since January 2025.

The Dow Jones Industrial Average fell 374 points to close at 53,185.90. The S&P 500 declined 0.33% to 7,686.14, while the Nasdaq Composite dropped 0.12% to finish at 26,370.89.

Sector Performance and Sentiment

Most sectors within the S&P 500 ended the session in negative territory. Communication services, utilities, and industrials recorded the largest losses. Conversely, energy and information technology stocks bucked the broader market trend, closing higher.

Market sentiment remained cautious but stable. The CNN Money Fear and Greed Index fell to a reading of 49.6, down from a prior reading of 52.3. The index stayed in the "Neutral" zone, which ranges from 0 to 100, with 0 representing maximum fear and 100 signaling maximum greed.

Monthly Gains and Economic Data

Despite the daily decline, US markets posted gains for August. The Dow rose more than 1%, marking its fifth consecutive monthly advance. The S&P 500 added 2.6% and the Nasdaq gained 3.9% during the month.

On the economic front, the Dallas Fed’s general business activity index for Texas manufacturing surged to 11.6 in August. This marked the strongest reading since January 2025, compared to 1.3 in July.

Earnings Activity

Science Applications International Corporation (NASDAQ: SAIC) reported second-quarter results that exceeded expectations and raised its FY27 guidance.

Investors are awaiting earnings releases from Medtronic PLC (NYSE: MDT), Dell Technologies Inc (NYSE: DELL), and Palo Alto Networks Inc (NASDAQ: PANW).

What the Numbers Show

The divergence between daily performance and monthly trends highlights market resilience amid geopolitical volatility. While immediate sentiment weakened due to rising Treasury yields and crude prices, the broader August gains indicate sustained underlying demand across major indices.