Dow Jones surpasses 35,000 in early trading

Economies.com
2021-09-27 14:05PM UTC

The major US stock indices opened mixed Monday, despite the release of upbeat economic data, as investors await more statements from Federal Reserve members.

 

Data showed today that the US durable goods orders rose 1.8% in August, beating forecasts of 0.7%.

 

The core durable goods orders reading (excluding food and fuel prices) rose 0.2% last month, missing forecasts of a rise of 0.5%.

 

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

 

As for stocks, Dow Jones rose 0.6% or 226 points to 35,024 as of 14:03 GMT, and S&P 500 fell 0.2% or 10 points to 4,445, while Nasdaq fell 1% or 150 points to 14,899 points.

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