U.S. stock indexes were mixed Monday as oil prices ticked to seven-year highs and industrial production slowed.
The Dow Jones Industrial Average fell 36 points, or 0.1%, while the S&P 500 index and the Nasdaq Composite index advanced 0.34% and 0.84%, respectively.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 35258.61 | -36.15 | -0.10% |
| SP500 | S&P 500 | 4486.46 | +15.09 | +0.34% |
| I:COMP | NASDAQ COMPOSITE INDEX | 15021.809088 | +124.47 | +0.84% |
Industrial production fell 1.3% in September, missing the 0.2% gain that was expected. The August print was revised lower to a 0.1% contraction from a previous reading of 0.4% growth.
Elsewhere, the Chinese economy grew at a 4.9% pace in July through September from a year earlier, down from 7.9% in the previous quarter, as ongoing supply bottlenecks and the Evergrande debt crisis weighed on confidence. Economists surveyed by Refinitiv were expecting 5.2% growth.
In stocks, oil companies, including Chevron Corp. and Diamondback Energy Inc., were in focus as West Texas Intermediate crude oil touched a seven-year high of $83.87 before paring its gains and finishing up 16 cents at $82.44 a barrel.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| CVX | CHEVRON CORP. | 109.56 | -0.05 | -0.05% |
| FANG | DIAMONDBACK ENERGY, INC. | 109.26 | +0.98 | +0.91% |
Meanwhile, financials were in focus as the yield on the 10-year Treasury note rose 1 basis point to 1.58%, holding near a four-month high…Read more>>
Source:-foxbusiness