US stocks recede after a positive start and close with mixed notes

Looking forward to speeches from several Fed officials, including Chair Jerome Powell, investors continued to be primarily cautious and keep an eye on the developments surrounding the debt-bearing China Evergrande on Monday. US stocks ended up mixed.

Among the key averages, the Dow, which had risen to 35,061 by the morning, closed at 34,869.37 with a rise of 71.37 points or 0.21%. The S & P 500 fluctuated between 4,436.19 and 4,457.30 and settled at 4,443.11 with 12.37 points (0.28%). Meanwhile, Nasdaq settled at 14,969.97, losing 77.73 points (0.52%).

Financial and energy stocks have strengthened, technology Stock prices fell and fell due to rising national treasury yields.

New orders for durable consumer goods manufactured in the United States increased 1.8% in July, well above expectations, after a revised 0.5% increase in July, according to a report released by the Commerce Department.

Economists expected durable consumer goods orders to increase by 0.6% compared to the 0.1% drop reported last month.

Excluding the surge in transportation equipment orders, durable consumer goods orders increased 0.8% in July and then 0.2% in August.

Chevron, JP Morgan Chase and Goldman Sachs rose 2.3-2.5%. Walt Disney, Caterpillar, Boeing, 3M, Intel and IBM conclude with a positive attitude., Microsoft, Procter & Gamble, Alphabet, PepsiCo, Cisco and Apple were significantly sluggish.

Dollar Tree, Tesla, AMD, Walgreen Boots, eBay, Intel and Sirius XM closed with a sharp, moderate rise.

In foreign trading, Asian stocks closed in a mixed note on Monday as investors considered the impact of rising energy prices and risks from China’s financial system.

Investors have been largely cautious in response to the outcome of the German federal elections, and ECB Governor Christine Lagarde said eurozone inflation could exceed expectations, but price increases were temporary. I commented that it is likely to be.

Center left Social Democratic Party Olaf Scholz defeats Angela Merkel’s conservatives in a very tough German federal election and is complex over months to decide who will lead Europe’s largest party leader The coalition negotiations have started. Economy..

The Left, the Left, has fallen below the 5% threshold required to enter parliament.

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US stocks recede after a positive start and close with mixed notes

Source link US stocks recede after a positive start and close with mixed notes

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