Wall Street Closes Mixed: Dow +0.38% as Chips Drag Nasdaq Lower, Oil Lifts Energy to a Record; Bond Market Shut for Columbus Day
U.S. stocks closed mixed on Monday, October 12, finalizing the split seen at midday. The Dow Jones Industrial Average rose about 198 points, or 0.38%, to roughly 51,853, while the S&P 500 slipped 0.06% to 7,807.24 and the Nasdaq Composite fell 0.44% to about 27,246, with the Nasdaq 100 down 0.71%. The U.S. bond market was closed for Columbus Day, leaving the 10-year Treasury yield at Friday's roughly 5.24%. Energy led the market as Brent crude settled up about 1.3% at $106.09 a barrel and WTI gained about 1.5% to $93.28, sending the S&P 500 energy sector up about 1.5% to its first record high in nearly a month. Chip stocks lagged — Micron fell about 3% on news of progress by China's CXMT — while Salesforce rose about 2% on a Bank of America upgrade and Microsoft added about 0.9%, briefly topping a $4 trillion market value for the first time in a year. The session marked the bull market's fourth anniversary, with the S&P 500 up more than 120% since October 12, 2022. Attention now turns to Tuesday's bank earnings from JPMorgan, Goldman Sachs, Wells Fargo and Citigroup, Wednesday's CPI and Thursday's PPI.
(Source: Investopedia; The Motley Fool)
Source: Investopedia; The Motley Fool
Published by GSM · USA (original Chinese edition)
Photo: 图片 Image: Billie Grace Ward, Wide-Angle New York Stock Exchange, CC0, via Wikimedia Commons
