U.S. stock indexes were mixed Monday as a critical week kicks off on Capitol Hill.
The Dow Jones Industrial Average rose 100 points, or 0.29%, while the S&P 500 index slipped 0.21% and the Nasdaq Composite index fell 0.71%.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
I:DJI | DOW JONES AVERAGES | 34939.16 | +141.16 | +0.41% |
SP500 | S&P 500 | 4452.55 | -2.93 | -0.07% |
I:COMP | NASDAQ COMPOSITE INDEX | 14992.753441 | -54.95 | -0.37% |
Lawmakers on Capitol Hill will have their hands full this week with expected votes on President Biden’s $3.5 trillion spending plan, a bipartisan infrastructure deal and raising the debt ceiling all set to take place.
Durable goods orders rose 1.8% last month, exceeding the 0.7% increase that analysts surveyed by Refinitiv were expecting. Following the strong report, traders sold U.S. Treasurys, pushing the yield on the 10-year note up 4 basis points to 1.49%, where it was on track for its highest close since late-June.
In stocks, JPMorgan Chase & Co., Citigroup Inc. and Citizens Financial Group Inc. were among the names benefitting from rising bond yields and a steeper yield curve.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
JPM | JPMORGAN CHASE & CO. | 167.25 | +4.29 | +2.63% |
C | CITIGROUP, INC. | 72.59 | +1.44 | +2.02% |
CFG | CITIZENS FINANCIAL GROUP, INC. (RHODE ISLAND) | 47.34 | +1.98 | +4.37% |
Oil-related names, including Chevron Corp., ExxonMobil Corp. and Haliburton Co., outperformed as West Texas Intermediate crude oil climbed $1.37 to $75.35 a barrel. WTI has not closed above $75 since July.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
CVX | CHEVRON CORP. | 102.91 | +2.29 | +2.28% |
XOM | EXXON MOBIL CORP. | 59.37 | +1.74 | +3.01% |
HAL | HALLIBURTON CO. | 22.24 | +1.23 | +5.87% |
Meanwhile, Alphabet Inc., Microsoft Corp. and Apple Inc. lagged as mega-cap technology and other growth areas were out of favor.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
GOOG | ALPHABET, INC. | 2,842.24 | -10.42 | -0.37% |
MSFT | MICROSOFT CORP. | 294.01 | -5.34 | -1.78% |
AAPL | APPLE, INC. | 145.62 | -1.30 | -0.89% |
Tesla Inc. was in focus after reports said CEO Elon Musk sent a letter to employees telling them this is the company’s "most intense delivery week ever."
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
TSLA | TESLA, INC. | 795.77 | +21.38 | +2.76% |
Overseas markets were mixed.
European trading was choppy as Germany’s DAX 30 advanced 0.21% after election results showed the center-left Social Democrats narrowly beat outgoing Chancellor Angel Merkel’s conservatives.
Elsewhere in the region, France’s CAC 30 rose 0.22% and Britain’s FTSE 100 slid 0.08%.
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In Asia, China’s Shanghai Composite index and Japan’s Nikkei 225 lost 0.84% and 0.03%, respectively, while Hong Kong’s Hang Seng index ticked up 0.07%.
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