Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD
WhatsApp Telegram LinkedIn Facebook X TikTok Instagram

US stocks shake off weak data and close higher

Economies.com
2021-09-15 21:29PM UTC

US stock indices closed in the positive territory on Wednesday, shaking off the release of weak economic data.

 

Data showed that the US industrial production index rose 0.4% during the August, slightly lower than forecasts of 0.5%.

 

The data increased uncertainty about the Federal Reserve's next move, especially about reducing the asset purchase program, as inflation seen the largest slowdown in 6 month.

 

To the oil market, WTI crude October futures rose 3.1% or $2.15, and crude closed at $72.61 a barrel.

 

Brent November futures rose 2.5% or $1.86, and closed at $75.46 a barrel.

 

As for stocks, Dow Jones rose 0.7% or 236 points, and closed at 34,814, and hit a day high of 34,880, and a low of 34,522.

 

S&P 500 rose 0.8% or 37 points to 4,480, after hitting a high of 4,486 and a low of 4,438.

 

Nasdaq rose 0.8% or 123 points to 15,161 points, with a high of 15,174 and a low of 14,984.

American Markets News

Americas News

Markets

Wall Street ends higher with both NASDAQ and S&P 500 marking fresh record highs
2025-07-03 18:31PM UTC
U.S. stock indices rose on Thursday in a shortened trading session ahead of a holiday break, with ...
Americas News

Markets

Wall Street powers up after strong employment data
2025-07-03 15:10PM UTC
US equity indices rose on Thursday after the release of employment figures that significantly ...
Americas News

Markets

NASDAQ and S&P 500 resume the tone of gains
2025-07-02 15:28PM UTC
US stock indices rose during Wednesday trading following the release of economic data that boosted ...