Dow34496.06-250.19(-0.72%)Nasdaq14486.20-93.34(-0.64%)SP 5004361.19-30.15(-0.69%)10-yr Note 0\/321.613NYSEAdv 1366 Dec 1792 Vol 702.0 mlnNasdaqAdv 1646 Dec 2636 Vol 3.5 bln\r\nIndustry Watch\r\nStrong: Materials, Real EstateWeak: Communication Services, Utilities, Financials\r\nMoving the Market\r\n-- Stocks close at session lows as market fades early gains-- Treasury market was closed for Columbus Day -- Oil prices continued to rise\r\nStocks end lower at session lowsDow -250.19 at 34496.06, Nasdaq -93.34 at 14486.20, S&P -30.15 at 4361.19\r\n[BRIEFING.COM] The S&P 500 declined 0.7% on Monday to close at session lows. The Dow Jones Industrial Average (-0.7%), Nasdaq Composite (-0.6%), and Russell 2000 (-0.6%) fell comparably to the benchmark index after each traded higher in early action. \r\nThe session started with the S&P 500 increasing as much as 0.6% in a mechanical trade, followed by a dip into negative territory in the afternoon on no specific news. Sellers maintained control as losses accelerated into the close, leaving nine of the 11 S&P 500 sectors in negative territory. \r\nThe communication services (-1.4%), utilities (-1.4%), and financials (-1.0%) sectors fell at least 1.0%, while the real estate (+0.2%) and materials (+0.03%) sectors were the only sectors that closed higher. There wasn't a noticeable preference for value stocks or growth stocks. \r\nThe flimsy price action was said to be a byproduct of the Treasury market being closed for Columbus Day, which reduced the number of market participants and removed one gauge for economic sentiment. In addition, there was no economic data to influence investing decisions. \r\nEarly on, investors focused on the inflation narrative, as WTI crude futures briefly topped $82.00 per barrel amid well-known supply constraints. The S&P 500 energy sector (-0.4%) coughed up a 1.7% intraday gain, though, as crude futures settled closer to $80.50\/BBL ($80.43\/BBL, +1.03, +1.3%). Natural gas futures fell 4.1% to $5.35\/MMBTU. \r\nComcast ($CMCSA 52.22, -2.48, -4.5%) was a notable laggard that weighed on the communication services sector after Raymond James downgraded the stock to Mkt Perform from Outperform. CMCSA shares fell 4.5%. \r\nIn other corporate news, Merck ($MRK 79.93, -0.70, -0.9%) confirmed it submitted an emergency use authorization application to the FDA for its COVID-19 oral antiviral. Emerson Electric ($EMR 94.18, -2.46, -2.6%) confirmed an agreement to merge two of its software units with Aspen Technology ($AZPN 159.00, +17.45, +12.3%) in a cash-and-stock deal worth about $11 billion.\r\nSeparately, auto supplier Aptiv ($APTV 160.15, -4.97, -3.0%) lowered its FY21 revenue guidance by about $1 billion amid the ongoing chip shortage. The Q3 earnings reporting season will unofficially begin on Wednesday. \r\nLooking ahead to Tuesday, investors will receive the NFIB Small Business Optimism Index for September and the JOLTS - Job Openings report for August. \r\nS&P 500 +16.1% YTDDow Jones Industrial Average +12.7% YTDNasdaq Composite +12.4% YTDRussell 2000 +12.5% YTDSource: (Briefing.com)\r\nDisclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal.\r\nIf you liked this article, please click the LIKE (thumbs up) button.\r\nFeel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so).\r\nFollow us\/bookmark us and check back occasionally for additional articles or comments on our page...\r\nWild Tiger Trading - start\/main page.\r\n.