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US stocks took a leg lower in afternoon trading as investors await the first presidential debate between Donald Trump and Kamala Harris, along with a looming inflation report.
All three major indexes fell by afternoon trading with the Dow Jones Industrial Average (^DJI) leading the day’s declines, shedding more than 300 points.
In terms of sectors, real estate (XLRE) was an outperformer as growth in US home prices fell below 5% on weak demand.
Energy (XLE) was the biggest laggard, sinking 2% on the heels of more volatile price action for oil. Oil prices fell to their lowest level since 2021 after OPEC lowered its demand growth forecast in 2024 and 2025.
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