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U.S. stocks traded lower on Monday, with the Dow Jones index falling around 150 points. After the market opening, the Dow traded down 0.31% to 48,826.07, while the Nasdaq dipped 0.25% to 22,610.56. The S&P 500 also fell, dropping 0.26% to 6,861.13.
Energy shares gained 1.8% on Monday. Consumer discretionary stocks fell by 1.7% during the session.
The ISM manufacturing PMI fell to 52.4 in February from 52.6 in the prior month, but it came in above market estimates of 51.8.
The S&P Global manufacturing PMI declined to 51.6 in February from 53.4 in the previous month, below market estimates of 52.6.
In commodity trading, oil rose 8% to $72.40. Gold increased 3.2% to $5,417.20. Silver gained 2.1% to $95.210, while copper fell 0.4% to $6.0375.
European shares were lower. The STOXX 600 fell 1.7%, and Spain’s IBEX 35 Index dropped 2.7%. In London, the FTSE 100 declined 1.4%, Germany’s DAX fell 2.4%, and France’s CAC 40 decreased 2% during the session.
In Asia-Pacific trading, markets closed mostly lower. Japan’s Nikkei 225 fell 1.35%, Hong Kong’s Hang Seng index dipped 2.14%, and India’s BSE Sensex declined 1.29%. China’s Shanghai Composite rose 0.47%.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
