NTWK - Stocks Drop on Economic Concerns

Stocks slipped on Monday as weak economic data out of Europe stoked worries over the state of the global economy.

The Dow Jones Industrials faded 58.26 points to begin the day and the week at 26,876.81

The S&P 500 dipped 5.44 points to 2,986.54

The NASDAQ Composite descended 21.57 points to 8,095.71

NETSOL Technologies is among the firms reporting earnings Monday. NETSOL shares grabbed 21 cents, or 3.7%, to $5.90.

Manufacturing activity in Germany fell to its lowest level since the financial crisis this month, data from IHS Markit showed. Germany's services sector also grew at its slowest pace in nine months. Overall, manufacturing in the euro zone fell to a more than six-year low while services grew at is slowest pace in eight months.

The U.S. manufacturing sector hit a five-month high in September, while the services sector grew at its fastest pace in two months, according to data from IHS Markit. However, IHS noted the manufacturing data remained among the weakest since 2016

Prices for the benchmark 10-year U.S. Treasury rose sharply, lowering yields to 1.72% from Friday's 1.72%. Treasury prices and yields move in opposite directions

Oil prices dropped 23 cents to $57.86 U.S. a barrel.

Gold prices added $15.70 to $1,530.80 U.S. an ounce.