US Equity Market Indices Close Lower Amid Crude Oil Price Surge

The US equity market indices closed lower on Monday after their trading session, driven by investors' focus on rebounding crude oil prices and increasing inflation concerns.

The Dow Jones Industrial Average ended 0.51% or 272 points lower at 53,459.78 points compared to the previous US stock market close, according to MarketWatch data.

The S&P 500 index closed 0.52% or 40 points lower at 7,745.06 points after the trading session on August 17, in comparison to 7,785.76 points at the previous equity market close.

Nasdaq 100 index ended 0.17% or 50 points lower at 29,995.38 points after the trading session on Monday, with heavyweight stocks like Tesla and Nvidia under pressure amid high government bond yields in the market.