Dow Jones gives up early gains, ends lower for 4th straight session

2021-09-21 22:56:06 GMT (Economies.com)
Dow Jones gives up early gains, ends lower for 4th straight session

Most of the US stock indices fell on Tuesday, giving up early gains, ahead of the Federal Reserve's monetary policy decisions.

 

China's real estate giant Evergrande continues to face a disastrous debt default scenario, which could destabilize many economic sectors in China.

 

The US current account reading showed a deficit of $190 billion in August, better than forecasts of -$193 billion.

 

The number of the US building permits was at 1.73 million in August, while the number of housing starts was at 1.62 million units, beating forecasts of 1.55 million.

 

The Fed will convene later today to decide on monetary policy and provide clarity over the future of its moves, and will unveil its decisions tomorrow.

 

The Organization for Economic Cooperation and Development slashed its forecast for global economic growth in 2021 to 5.7%, and lowered its forecast for the US economic growth this year to 6%.

 

To the oil market, WTI crude October futures rose 0.4% or 27 cents, and closed at $70.56 a barrel.

 

Brent November futures rose 0.6% or 44 cents, and closed at $74.36 a barrel.

 

As for stocks, Dow Jones fell 0.1% or 50 points, and closed at 33,919, and hit a day high of 34,313, and a low of 33,914.

 

S&P 500 fell 0.1% or 3 points to 4,354, after hitting a high of 4,394 and a low of 4,347 points.

 

Nasdaq rose 0.2% or 32 points to 14,746 points, with a high of 14,847 and a low of 14,696.

 
 
 
  Symbol Last Change Chg.%
1.1600
-0.0012
0.1046%
1.3738
-0.0031
0.2233%
Tadawul
11807.79
-43.89
0.37%
24.081
-0.395
1.612%
82.090
-2.837
3.341%
84.24
-2.16
2.50%
1797.965
-6.080
0.337%
 
 
US
 
Europe
 
Asia