Dow Falls 150 Points; ISM Manufacturing PMI Edges Lower In February

by | Mar 2, 2026 | General

U.S. stocks traded lower this morning, with the Dow Jones index falling around 150 points on Monday.

Following the market opening Monday, 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.

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Leading and Lagging Sectors

Energy shares gained by 1.8% on Monday.

In trading on Monday, consumer discretionary stocks fell by 1.7%.

Top Headline

The ISM manufacturing PMI fell to 52.4 in February from 52.6 in the previous month, but topped market estimates of 51.8.

Equities Trading UP
           

  • Trio Petroleum Corp (NYSE:TPET) shares shot up 203% to $1.25. Shares of oil and gas companies traded higher after the U.S. and Israel launched strikes against Iran over the weekend.
  • Shares of TMD Energy Ltd (NYSE:TMDE) got a boost, surging 178% to $2.48. Shares of oil and gas companies traded higher after the U.S. and Israel launched strikes against Iran over the weekend.
  • Turbo Energy SA (NASDAQ:TURB) shares were also up, gaining 88% to $1.27.

Equities Trading DOWN

  • Aardvark Therapeutics Inc (NASDAQ:AARD) shares dropped 56% to $5.48 following the company’s announcement to voluntarily pause its Phase 3 HERO trial for Prader-Willi Syndrome.
  • Shares of Uniqure NV (NASDAQ:QURE) were down 39% to $9.63. uniQure announced on Monday that the FDA has advised against using Phase 1/2 study data as primary evidence for the marketing application of AMT-130, its investigational gene therapy for Huntington’s disease.
  • Nuburu Inc (NYSE:BURU) was down, falling 34% to $0.32. NUBURU executed a contractual JV agreement with Maddox Defense to develop, commercialize production system to manufacture drone component.

Commodities

In commodity news, oil traded up 8% to $72.40 while gold traded up 3.2% at $5,417.20.

Silver traded up 2.1% to $95.210 on Monday, while copper fell 0.4% to $6.0375.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 fell 1.7%, while Spain’s IBEX 35 Index fell 2.7%. London’s FTSE 100 fell 1.4%, Germany’s DAX fell 2.4% and France’s CAC 40 declined 2% during the session.

Asia Pacific Markets

Asian markets closed mostly lower on Monday, with Japan’s Nikkei 225 falling 1.35%, Hong Kong’s Hang Seng index dipping 2.14%, China’s Shanghai Composite rising 0.47% and India’s BSE Sensex declining 1.29%.

Economics

  • The ISM manufacturing PMI fell to 52.4 in February from 52.6 in the previous month, but topped market estimates of 51.8.
  • The S&P Global manufacturing PMI declined to 51.6 in February from 53.4 in the prior month, down from market estimates of 52.6.

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