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Dow Jones trims losses, Nasdaq closes above 15,000

Economies.com
2021-10-18 21:49PM UTC

Most of US stock indices closed higher on Monday, buoyed by the tech and energy sectors, despite the release of weak economic data.

 

Data showed today that the US industrial production index fell by 1.3% during September.

 

China's real GDP reading showed a growth by 4.9% during the third quarter, lower than forecasts of 5%, and lower than the previous reading of 7.9%.

 

To the oil market, WTI crude November futures rose 0.2% or 16 cents, and closed at $82.44 a barrel.

 

Brent December futures fell 0.6% or 53 cents, and closed at $84.33 a barrel.

 

As for stocks, Dow Jones fell 0.1% or 36 points, and closed at 35,258, with a day high of 35,327, and a low of 35,035.

 

S&P 500 rose 0.3% or 15 points to 4,486, after hitting a high of 4,488 and a low of 4,447 points.

 

Nasdaq rose 0.8% or 124 points to 15,021, with a high of 15,026 and a low of 14,833.

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