US stocks close slightly higher amid renewed inflation woes
US stocks closed higher on Oct. 2, in an attempt to recover and restore momentum after decline the day before. Geopolitical tensions in the Middle East remained in focus as investors are anticipating the labour market data on Friday.
The Dow Jones Industrial Average rose 0.1%, or 39 points, to reach 42,196 points, after touching 41,968 points.
S&P 500 remained unchanged at 5,709 points. The Nasdaq Composite inched up 0.1%, or 14 points, to end the day at 17,925 points.
As for the European indices, STOXX Europe 600 stabilized at 521.1 points, amid losses of utilities, auto and gains of energy and technology stocks.
FTSE 100 gained 0.15% to 8,290 points. CAC 40 remained flat at 7,577 points. DAX 40 decreased 0.25%, to 19,164 points.
In Japan, the Nikkei 225 fell 2.2%, or 843 points, to 37,808 points. TOPIX retreated 1.45%, to 2,651 points.
In Japan, the Nikkei 225 fell 2.2%, or 843 points, to 37,808 points. TOPIX retreated 1.45%, to 2,651 points.
In the oil market, futures contracts for Brent crude for December delivery advanced by 0.45%, or $0.34, to $73.90 after touching $76.14 per barrel.
Meanwhile, prices of West Texas Intermediate (WTI) crude oil for November delivery rose 0.4%, or $0.27, to $70.10 per barrel.
As for gold, futures prices for the yellow metal for December delivery inched down 0.75%, or $20.6 to $2,669 per ounce.
Indices gains were offset by higher treasury yields amid renewed inflation woes, oil prices rise, possible ports’ long term strike, and the private sector’s addition of 143,000 jobs in September, compared to 103,000 in August and versus estimated 124,000.
Most Read
- Kingdom Holding's JEC seals deal with Binladin Group to finalize Jeddah Tower
- Saudi Vision 2030 reforms cut unemployment, boosted job creation: Analysts
- Tadawul discloses ownership of listed firms on TASI
- 517 int’l companies licensed to open regional HQs in Saudi Arabia
- Crown Prince welcomes guests at Global Cybersecurity Forum 2024
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}