Wall Street today: US stocks decline ahead of major earnings | Stock Market News
Source: Live Mint
Wall Street stocks were mixed on Monday ahead of major earnings reports.
As of 12:46 p.m. Eastern time, the S&P 500 was 0.4 per cent lower, the Dow Jones Industrial Average was down 0.8 per cent, and the Nasdaq Composite was 0.2 per cent lower.
As of 10:10 am Eastern time, the S&P 500 was virtually unchanged, the Dow Jones Industrial Average was edging down by 0.2 per cent, and the Nasdaq Composite was 0.2 per cent higher.
At the opening bell, the Dow Jones Industrial Average fell 53.7 points, or 0.12 per cent, to 43,222.21. The S&P 500 fell 6.9 points, or 0.12 per cent, to 5,857.82, while the Nasdaq Composite dropped 33.1 points, or 0.18 per cent, to 18,456.481.
Tesla stock slipped 0.4 per cent ahead of its earnings report.
Stocks of Nvidia and Alphabet gained 1.6 per cent and 0.2 per cent, respectively.
Boeing stock rose 3.8 per cent after reaching an agreement with the union representing its striking machinists on a contract proposal. The planemaker will report its results on Wednesday.
Spirit Airlines stock soared 43.2 per cent after the carrier was able to extend a credit-card processing agreement.
Trump Media & Technology Group stock gained 5.8 per cent to top $31.
In the bond market, the yield on the 10-year Treasury rose to 4.14 per cent from 4.08 per cent late on Friday.
Crude oil
Oil prices rose on Monday, recouping some of last week’s more than 7% decline on worries about demand in China.
Brent crude futures were up $1.10, or 1.51 per cent, at $74.16 a barrel at 1308 GMT. US West Texas Intermediate crude futures were $1.26, or 1.82 per cent, higher at $70.48 a barrel.
Bullion
Gold pricesrallied for a fifth straight day on Monday, hitting a record high on uncertainties around the US election.
Spot gold gained 0.6 per cent to $2,735.38 per ounce, as of 1112 GMT. US gold futures were 0.7 per cent higher at $2,750.00.
Spot silver rose 1.1 per cent to $34.02 per ounce, its highest since late-2012.
