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Mid-day: US benchmarks take step back from yesterday’s big gains

By Joseph Toppe

16:41, 21 October 2021

Data
Data - Photo: Unsplash

The major US gauges are trading lower on Thursday following Wednesday’s record-breaking session.

By noon EDT, the Dow Jones Industrial Average sank 126.13 points, or 0.4% to 35,483.21, the S&P 500 dropped 5.39 points, or 0.1% to 4,530.80, while the Nasdaq Composite spiked 29.54 points, or 0.2% to 15,151.22.

On Wednesday, the Dow Jones Industrial Average finished just 0.05% away from its 16 August record close, and the S&P 500 ended just 0.02% away from its own milestone.

The Nasdaq Composite earned a small gain, settling just 1.6% away from its 7 September closing record.

Thursday’s winners and losers

Shares for American Airlines increased 0.6% after the company reported a narrower-than-expected third-quarter loss on revenue that nearly tripled.

Shares for Southwest Airlines are down 1.6% after the airline reported a slight loss and passenger revenue nearly tripled.

Shares for Pfizer plunged 0.54% Thursday after a late-stage trial of a 30-milligram booster dose of their Covid-19 vaccine showed efficacy of 95.6% compared with those who received a placebo.

Shares for AT&T were 0.7% lower after the telecommunications company posted better-than-expected profit for its third quarter while growing subscriber additions in its wireless business.

US100

14,465.40 Price
+1.510% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 3.0

BTC/USD

26,956.90 Price
-0.710% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 60.00

Gold

1,977.72 Price
+0.760% 1D Chg, %
Long position overnight fee -0.0183%
Short position overnight fee 0.0101%
Overnight fee time 21:00 (UTC)
Spread 0.30

Oil - Crude

70.25 Price
+3.810% 1D Chg, %
Long position overnight fee -0.0204%
Short position overnight fee -0.0016%
Overnight fee time 21:00 (UTC)
Spread 0.03

In the energy sector, oil futures are down as the US benchmark retreated 2.6% to $81.21 a barrel on the New York Mercantile Exchange.

In metals, gold futures sank 0.2% to $1.781.80 per ounce, while in assets, the yield on the 10-year Treasury note jumped 2.8 basis points to 1.665%, and the ICE US Dollar Index edged up 0.1%.

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Global markets

The Stoxx Europe 600 lost 0.1, while London’s FTSE 100 lost 0.5%.

In Asia, the Shanghai Composite went up 0.2%, while the Hang Seng Index dropped 0.5% in Hong Kong and Japan’s Nikkei 225 plummeted 1.9%.

Read more: AT&T navigates DirecTV, WarnerMedia sales in Q3 results

 

 

Markets in this article

AAL
American Airlines Group
14.77 USD
-0.11 -0.750%
AAL
American Airlines Group
14.77 USD
-0.11 -0.750%
AAL
American Airlines Group
14.77 USD
-0.11 -0.750%
T
AT&T
15.81 USD
0.01 +0.060%
PFE
Pfizer
38.06 USD
-0.1 -0.260%

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