Dow Jones trims gains, but closes higher

Economies.com
2021-09-27 20:48PM UTC

The main US stock indices closed mixed on Monday, as Dow Jones closed higher, while Nasdaq and S&P 500 fell.

 

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.

 

To the oil market, WTI crude October futures rose 2% or $1.47, and closed at $75.45 a barrel.

 

Brent November futures rose 1.8% or $1.44, and closed at $79.53 a barrel, the highest closing since October 2018.

 

As for stocks, Dow Jones rose 0.2% or 71 points, and closed at 34,869, with a day high of 35,061, and a low of 34,739.

 

S&P 500 fell 0.3% or 12 points to 4,443, after hitting a high of 4,457 and a low of 4,436 points.

 

Nasdaq fell 0.5% or 77 points to 14,969, with a high of 15,003 and a low of 14,864.

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