The markets felt the pressure on the first day of trading in August. All the major indices closed lower, with the Dow falling 91 points, the Nasdaq dropping nearly 13 points and the S&P 500 down almost six points.
Continue Reading Below
Oil fell 4% Monday settling at $45.17 per barrel, the commodity's lowest close since March 19. Oil has fallen for three straight days, causing all 40 S&P 500 energy stocks to fall into the red Monday.
Twitter got hammered falling 6% on no news, closing at $29.25, causing investors to think the company is really ripe for an acquisition. Last week after Twitter reported a weaker outlook, the company tried to assure investors its working on a fresh new face for the little blue bird, but Jack Hough of Barron's says Twitter's timing is just way off.