Stock Markets August 31, 2026 04:31 PM

U.S. Equity Benchmarks Close Lower as Consumer Services, Utilities and Industrials Lag

Dow posts a 0.70% decline as mixed results among large caps weigh on benchmarks

By Avery Klein
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U.S. stocks finished lower on Monday, led by declines in Consumer Services, Utilities and Industrials. The Dow Jones Industrial Average fell 0.70% at the close, while the S&P 500 and Nasdaq Composite slipped 0.33% and 0.12%, respectively. Energy, cloud security and select large-cap winners offset broad weakness among several heavyweight names.

U.S. Equity Benchmarks Close Lower as Consumer Services, Utilities and Industrials Lag
CVX WMT NVDA AMZN
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Key Points

  • Major U.S. indexes closed lower: Dow -0.70%, S&P 500 -0.33%, Nasdaq -0.12%.
  • Notable winners included Chevron, Walmart and NVIDIA on the Dow; CrowdStrike, Tesla and Slb NV on the S&P 500; Nexalin, Antelope Enterprise and Nocera on the Nasdaq.
  • Utilities and consumer services stocks led declines, with Edison International and PG&E posting steep losses.

U.S. equities closed mostly lower on Monday, with sector-level weakness in Consumer Services, Utilities and Industrials pressuring major indexes.

At the New York Stock Exchange close, the Dow Jones Industrial Average was down 0.70%. The S&P 500 finished the session 0.33% lower, while the Nasdaq Composite retreated 0.12%.


Top and bottom movers on the Dow

Among Dow components, Chevron Corp (NYSE:CVX) recorded the session's strongest gain, rising 2.12% or 4.28 points to end at 206.14. Walmart Inc (NASDAQ:WMT) added 1.73% or 1.78 points to close at 104.87, and NVIDIA Corporation (NASDAQ:NVDA) rose 1.48% or 3.23 points to 220.78 in late trading.

The weakest performers on the Dow included Amazon.com Inc (NASDAQ:AMZN), which fell 2.50% or 6.67 points to 259.76 at the close. Honeywell International Inc (NASDAQ:HON) declined 1.79% or 3.90 points to 213.53, and Sherwin-Williams Co (NYSE:SHW) slid 1.75% or 6.05 points to 338.81.


S&P 500 and notable stock moves

On the S&P 500, CrowdStrike Holdings Inc (NASDAQ:CRWD) led gains after rising 5.77% to 231.00. Tesla Inc (NASDAQ:TSLA) climbed 5.51% to settle at 367.95, and Slb NV (NYSE:SLB) gained 4.83% to close at 60.10.

Conversely, several stocks in utilities and services weighed on the index. Edison International (NYSE:EIX) plunged 23.07% to 53.98 in late trade. PG&E Corp (NYSE:PCG) declined 20.06% to finish at 13.27, and Aon PLC (NYSE:AON) dropped 9.58% to 321.34 at the close.


Nasdaq session highlights

On the Nasdaq Composite, the session's top performers included Nexalin Technology Inc (NASDAQ:NXL), which recorded a substantial move to 7.23, up 2,792.00%. Antelope Enterprise Holdings Ltd (NASDAQ:AEHL) rose 83.33% to settle at 6.49, and Nocera Inc (NASDAQ:NCRA) gained 49.74% to close at 2.83.

The worst performers on the Nasdaq included FingerMotion Inc (NASDAQ:FNGR), down 45.60% to 0.22, Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR), which lost 36.45% to settle at 0.68, and GCL Global Holdings Ltd (NASDAQ:GCL), which fell 26.27% to 0.51 at the close.


Breadth and notable record moves

Declining issues outpaced advancers on the NYSE by 1,767 to 954, with 94 shares unchanged. On the Nasdaq, 2,067 stocks fell while 1,358 advanced and 194 were unchanged.

Several notable price milestones occurred during the session. Shares of CrowdStrike rose to all-time highs, advancing 5.77% or 12.60 to 231.00. PG&E shares fell to 52-week lows, down 20.06% or 3.33 to 13.27. Slb NV moved to 52-week highs, gaining 4.83% or 2.77 to 60.10. Nexalin Technology Inc was cited as rising to all-time lows while moving up 2,792.00% or 6.98 to 7.23. Wheeler Real Estate Investment Trust Inc fell to all-time lows, declining 36.45% or 0.39 to 0.68.


Volatility, commodities and foreign exchange

The CBOE Volatility Index - which measures implied volatility in S&P 500 options - rose 3.40% to 14.92.

In commodities, Gold Futures for December delivery were reported down 0.74% or 33.56 to $4,496.34 a troy ounce. Crude oil for October delivery climbed 3.54% or 2.95 to $86.35 a barrel, and the December Brent oil contract increased 5.35% or 4.61 to trade at $90.73 a barrel.

In foreign exchange, EUR/USD was unchanged 0.28% to 1.16, while USD/JPY fell 0.21% to 159.77. The US Dollar Index Futures was down 0.27% at 99.39.


Overall, Monday's session showed a mixed intraday narrative where energy and select large-cap tech and security names posted gains that partially offset broader sector weakness, leaving major U.S. indexes lower at the close.

Risks

  • Concentrated declines in Utilities and Consumer Services may weigh on index performance in the short term - sectors directly impacted include utilities and consumer services.
  • Large single-stock moves and extreme percentage changes in small-cap names can increase market volatility - market volatility risk affects broader equity and derivatives trading.
  • Significant declines in specific large-cap names could contribute to headline risk and sector rotation - financials and industrials may be impacted depending on evolving price action.

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