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Market close: Nasdaq and S&P rise ahead of earnings, Dow falls

By Joseph Toppe

20:08, 18 October 2021

Wall Street trading floor
Wall Street trading floor - Photo: Shutterstock

US indices traded mixed on Monday as the Dow drops over 50 points and investors anticipate upcoming finance reports.

The Dow Jones Industrial Average lost 60.42 points, or 0.17%, to 35,234.34, the S&P 500 jumped 0.2% to 4,483.23, and the Nasdaq Composite improved 0.75% to 15,008.39.

Last week’s better-than-expected earnings from major banks propelled the Dow to within 1% of its record high, while the S&P 500 and Nasdaq Composite are 1.3% and 2.5% below their records respectively.

On Tuesday, Netflix, Johnson & Johnson, United Airlines and Procter & Gamble will release their earnings reports. Later this week, Tesla, Verizon and IBM are also expected to report.

Monday’s winners and losers

Shares of Walt Disney plunged 3%, pulling the Dow lower after the entertainment company was downgraded to equal-weight from overweight by Barclays.

Shares of Albertsons improved 3.3% after the company posted higher sales and raised its guidance for the full year.

Shares of Zillow Group are now 8.9% lower following a report the company’s automated home-flipping business temporarily halted its pursuit of new home purchases.

Shares of Facebook jumped 3.3% higher on Monday, while shares for Tesla added 3.2% and shares for Twitter improved 3.3%.

J225

31,378.00 Price
-0.410% 1D Chg, %
Long position overnight fee -0.0109%
Short position overnight fee -0.0113%
Overnight fee time 21:00 (UTC)
Spread 10

US30

33,198.00 Price
+0.250% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 2

US100

14,368.80 Price
+0.290% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 1.8

DE40

16,030.10 Price
+0.140% 1D Chg, %
Long position overnight fee -0.0200%
Short position overnight fee -0.0022%
Overnight fee time 21:00 (UTC)
Spread 1.5

In the energy sector, Brent crude futures, the benchmark in global oil markets, went down 0.6% to $84.33 per barrel.

Last week, Brent crude notched its eighth consecutive week of gains, marking its longest streak since a 10-week period through 30 April 1999.

Shares for Peabody Energy are up 20%, ending trading on Monday at $19.29, up $3.33 a share.

In assets, the yield on the 10-year Treasury note ticked up to 1.583% Monday, from 1.574% Friday.

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Global markets

The pan-continental Stoxx Europe 600 fell 0.5%, while in Asia, China’s Shanghai Composite was down 0.1%, and Hong Kong’s Hang Seng closed the day up 0.3%.

Read more: Wall Street analysts expect big future from Toast

 

Markets in this article

ACI
Albertsons Companies, Inc.
20.12 USD
0.14 +0.700%
ACI
Albertsons Companies, Inc.
20.12 USD
0.14 +0.700%
META
Meta Platforms Inc.
262.68 USD
9.9 +3.920%
TSLA
Tesla
194.17 USD
10.07 +5.480%
DIS
Disney
88.56 USD
0.27 +0.310%

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