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Dow Jones keeps gains, closes above 34,000

Economies.com
2021-05-03 22:45PM UTC

Most US stock indices closed higher on Monday, amid focus on the release of more corporates earnings.

 

Apple, Microsoft, Amazon, Tesla and Facebook have reported better-than-expected earnings in the first quarter of 2021.

 

Dow Jones posted a monthly gain of 2.7% in April, Nasdaq posted 5.4% monthly gain, and S&P 500 scored 5.2%.

 

The US Federal Reserve decided last week to keep the interest rate between 0.0% and 0.25% unchanged.

 

The ISM US manufacturing PMI fell to 60.7 points in April from 64.7 points in March, while analysts forecast a rise to 65.

 

To the oil market, WTI crude June futures rose 1.4% or 91 cents, and closed at $64.49 a barrel, after hitting a day high of $64.6 and a low of $62.9.

 

Brent June futures rose 1.2% or 80 cents, and closed at $67.56 a barrel, after hitting a high of $67.8 and a low of $66.1.

 

As for stocks, Dow Jones rose 0.7% or 238 points, and closed at 34,113, with a day high of 34,221, and a low of 33,904.

 

Nasdaq fell 0.5% or 67 points to 13895, with a high of 14042 and a low of 13881 points.

 

S&P 500 rose 0.3% or 11 points to 4,192, after hitting a high of 4,209 and a low of 4,188.

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