US stocks pare early gains, close lower

2021-11-22 23:38:42 GMT (Economies.com)
US stocks pare early gains, close lower

Most of the US stock indices fell on Monday, and gave up early gains due to growing concerns over the coronavirus pandemic.

 

US President Joe Biden has formally nominated Jerome Powell to serve as the chairman of the Federal Reserve for a second term, and also Lael Brainard to serve as the Fed’s vice chair.

 

Biden renewed confidence in Powell's steady leadership in times of crisis, which comes amid rising inflation in the US.

 

Austrian government announced a $4,000 fine for those refusing to take the coronavirus vaccine starting in February.

 

To the oil market, WTI crude December futures rose 1.1% or 81 cents, and closed at $76.75 a barrel.

 

Brent January futures rose rose 1% or 81 cents, and closed at $79.70 a barrel.

 

As for stocks, Dow Jones rose 0.1% or 13 points, and closed at 35,619, with a day high of 35,929, and a low of 35,615.

 

S&P 500 fell 0.3% 4,683, after hitting a high of 4,743 and a low of 4,682 points.

 

Nasdaq fell 1.3% or 202 points to 15,854, with a high of 16,212 and a low of 15,851 points.

 
 
 
  Symbol Last Change Chg.%
1.1325
0.0055
0.4849%
1.3327
0.0017
0.1270%
Tadawul
10810.60
-60.02
0.55%
22.830
-0.215
0.931%
67.640
-4.761
6.576%
71.61
-1.83
2.49%
1793.390
8.300
0.465%
 
 
US
 
Europe
 
Asia