LIVE MARKETS — US stocks end mixed ahead of earnings, data
Dow gains, S&P 500 edges lower, Nasdaq dips Energy leads S&P sector gainers; tech biggest laggard Dollar rallies; US crude up ~1.5%; gold, bitcoin decline Welcome to the home for real-time coverage of markets brought to you reporters. You can share your thoughts with us at Us Stocks End Mixed Ahead Of Earnings, Data Wall Street shuffled to a mixed close on Monday, with very few catalysts — aside from spiking oil prices — to move sentiment at the top of what promises to be a week chock-full of catalysts. The S&P 500 and the Nasdaq slipped, the latter suffering the steeper loss due to a 2.7% drop in chip stocks. Respectively, the S&P 500 and the Nasdaq are now 0.2% and 1.3% below their all-time closing highs reached last week. The Dow closed 4.6% below its record high reached on August 5. Weakness was concentrated. A glance at the 11 major sectors of the S&P 500 shows enough green to suggest a rally, with eight of them ending green. But a 0.9% drop in tech shares and a 0.7% dip in consumer discretionary stocks were enough to spoil the whole bunch. Front-month WTI and Brent crude futures settled up 2.1% and 1.8%, respectively, as attacks by Iran-backed Houthis on Saudi Arab
5%; gold, bitcoin decline Welcome to the home for real-time coverage of markets brought to you reporters. You can share your thoughts with us at Us Stocks End Mixed Ahead Of Earnings, Data Wall Street shuffled to a mixed close on Monday, with very few catalysts — aside from spiking oil prices — to move sentiment at the top of what promises to be a week chock-full of catalysts. 7% drop in chip stocks. 3% below their all-time closing highs reached last week.
6% below its record high reached on August 5. Weakness was concentrated. A glance at the 11 major sectors of the S&P 500 shows enough green to suggest a rally, with eight of them ending green. 7% dip in consumer discretionary stocks were enough to spoil the whole bunch.
8%, respectively, as attacks by Iran-backed Houthis on Saudi Arabia, along with a hurricane-induced reduction of production in the Gulf of Mexico, stoked enough supply concerns for investors to look past President Trump's announced diesel deal with Moscow. Energy shares outperformed, as did communication services and regional banks, while airlines and homebuilders joined chips at the bottom of the heap. On Tuesday, results from financial firms Goldman Sachs, JPMorgan Chase, Citigroup and Wells Fargo mark the unofficial launch of third-quarter reporting season. 6%, in aggregate, according to the most recent LSEG data.
7% annual growth, perhaps corporate America can clear that bar. On the economics front, the National Federation of Independent Business is due to release its small business optimism index, and the National Association of Realtors is slated to unveil its September existing home sales report. On Wednesday and Thursday, the Labor Department is set to unleash two inflation reports — CPI and PPI — which could move the needle regarding Fed rate hike expectations. Here's your closing snapshot: (Stephen Culp) *** Earlier On Live Markets: Are Markets Misreading Oil's Slippery Risks?
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