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Mid-day markets: US shares shake off September woes

By Joseph Toppe

16:00, 1 October 2021

Bull
Bull - Photo: Shutterstock

By noon EDT, the Dow Jones Industrial Average was 280 points higher or 0.8%, after sinking over 200 points in early trading on Friday.

Meanwhile, the Nasdaq Composite improved 0.2% and the S&P 500 went 0.6% higher.

Both the Dow and S&P are coming off their worst September since 2011.

The S&P 500 finished the month down 4.8%, snapping a seven-month winning streak, while the Dow and the Nasdaq Composite dropped 4.3% and 5.3%, respectively, suffering their worst months of the year.

Friday’s gains and losses

Shares for Zoom Video Communications went up 2.7%, shares for Merck were 9.8% better, and shares for General Mills shot up 1.3% following an upgrade to Buy from Neutral at Citigroup.

Shares for Southwest Airlines took off 3.5% as shares for Dollar Tree dipped 0.1% after getting downgraded to Sector Weight from Overweight at KeyBanc Capital Markets.

HK50

19,101.50 Price
-0.270% 1D Chg, %
Long position overnight fee -0.0228%
Short position overnight fee 0.0009%
Overnight fee time 21:00 (UTC)
Spread 6.0

DE40

15,986.50 Price
-0.490% 1D Chg, %
Long position overnight fee -0.0200%
Short position overnight fee -0.0022%
Overnight fee time 21:00 (UTC)
Spread 1.7

US100

14,659.10 Price
+0.670% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 1.8

US30

33,714.00 Price
-0.180% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 2

Meanwhile, shares for Keurig Dr Pepper went down 0.6% following the company’s $4bn share buyback programme.

In the energy sector, Futures for US crude oil sank 0.3% to $74.81.

The WSJ Dollar Index dropped 0.2%, while Bitcoin went up around 8% to about $47,330.

Global markets

Japan’s Nikkei 225 sank 2.5% and the pan-European Stoxx 600 was down by 0.4%. Canada's S&P / TSX is up 0.16% mid-day.

Read more: Merck shares up 11.5% on oral Covid-19 antiviral drug

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