Major stock indexes in the United States closed lower on Monday as investors anticipate few earning reports coming this week and Federal Reserve Chair Jerome Powell's testimony before Congress, where an overview of the economy and monetary policy is expected. On the data front, investors expect PMI, goods trade balance, and jobs figures.
In other news, cryptocurrencies were under the spotlight as, Bitcoin, continued its rally and it is nearing its all-time high.
The indexes remained in the red zone at closing. The Dow Jones Industrial Average closed 0.25% or 97 points lower with Chevron Corporation losing by 2.57%. The S&P 500 fell 0.12% and the Nasdaq 100 lost 0.42% as Tesla dragged down by plunging 7.16%.
The euro traded 0.17% higher against the dollar at 3:58 pm ET to sell for $1.08561.
