Wall Street today: US stocks mixed ahead of key economic data, Big Tech earnings

US stock indices were mixed on Monday, ahead of key economic data and earnings from some big tech companies.

As of 10:15 AM Eastern time, the S&P 500 was flat, the Dow Jones Industrial Average was up 0.4%, and the Nasdaq Composite was 0.1% lower.

At the opening bell, the Dow Jones Industrial Average rose 58.2 points, or 0.15%, to 40,171.74. The S&P 500 rose 4.0 points, or 0.07%, to 5,529.22, while the Nasdaq Composite rose 8.0 points, or 0.05%, to 17,390.928.

This week will feature earnings reports from Wall Street giants, including Amazon, Apple, Meta Platforms and Microsoft.

On the economic data front, the week ahead will see reports on first quarter GDP, non-farm payroll numbers, and Federal Reserve’s preferred inflation gauge – Personal Consumption Expenditures (PCE) Price Index.

In the bond market, the yield on the 10-year Treasury slipped to 4.25% from 4.29% late on Friday.

Gainers and Losers

Nvidia stock declined 2% after a report said China’s Huawei Technologies was preparing to test its Artificial Intelligence processor, hoping to replace some of Nvidia’s products.

Shares of Spirit AeroSystems rose 2.7%, following Airbus’ deal to take over some of the company’s plants.

Web browser developer Opera’s US-listed stock soared 8.6% after the higher annual revenue forecast.

Shares of Domino’s Pizza gained 0.7% after the company reported weaker quarterly profit.

DoorDash stock surged 1.2% after a report on possible take over by London-based food delivery service Deliveroo.

Bullion

Gold prices fell for a second straight session on Monday as US-China trade tensions eased.

Spot gold was down 0.6% at $3,297.10 an ounce as of 09:27 AM ET (1327 GMT). US gold futures rose 0.3% to $3,307.80.

Spot silver eased 0.1% to $33.04, platinum gained 1.8% to $988.90 and palladium added 0.8% to $956.35.

Crude oil

Oil prices were little changed on Monday amid trade war and geopolitical developments in Iran.

Brent traded near $67 a barrel after dipping 1.6% last week. 

Related Content

Leave a Comment