NEW YORK, Aug. 30 (Xinhua) -- Cautious trading dominated the U. S. markets on Monday as investors await the non-farm employment data due out later this week.
The U.S. stocks erased all the gains from the previous session amid extremely light trading. Risk aversion pressured on commodities, but drove up safer choices like bond and the dollar.
The Dow Jones industrial average fell 140.92 points, or 1.39 percent, to 10,009.73. The Standard & Poor's 500 index lost 15.67 points, or 1.47 percent, to 1,048.92 and the Nasdaq tumbled 33.66 points, or 1.56 percent, to 2,119.97.
The CBOE Volatility Index jumped more than 11 percent to close at 27.21, above its 200-day moving average of 23.40, and its 100- day moving average of 26.23.
Hewlett-Packard, the only Dow stock to close in the red on Friday's rally, was the lone member of the index to finish up on Monday. The company's board announced a 3-billion-U.S.-dollar share repurchase this afternoon.
All S&P large-cap sectors were lower, led by financials, consumer discretionary and industrials.
Economic data released on Monday were mixed, and largely ignored by the market. The Commerce Department reported on Monday that personal spending rose 0.4 percent in July, the biggest jump in four months. Although the reading was higher than analysts' expectation, it failed to boost the market as investors were cautious ahead of the key monthly employment data due out on Friday.
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