US stocks closed mixed on Monday ahead of inflation and other economic data.
US stocks closed mixed on Monday ahead of inflation and other economic data.
The S&P 500 added 1.85 points, or 0.04%, at 4,137.90. The Dow Jones Industrial Average lost 53.96 points, or 0.16%, at 33,620.42. The Nasdaq Composite up 19.31 points, or 0.16%, at 12,254.72.
The S&P 500 added 1.85 points, or 0.04%, at 4,137.90. The Dow Jones Industrial Average lost 53.96 points, or 0.16%, at 33,620.42. The Nasdaq Composite up 19.31 points, or 0.16%, at 12,254.72.
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The labor department will release consumer price index (CPI) data for April on Wednesday.
Data on producer prices, weekly jobless claims and consumer sentiment will also be released this week.
Investors were also worried about a possible US debt default as treasury secretary Janet Yellen has warned that the country could run out of cash to pay its bills as soon as the start of June unless Congress raises the debt ceiling.
US treasury yields rose on increased optimism that the worst stresses in the regional banking system may be over. The 2-year treasury yield was up 8.5 basis points at 4.007%.
Currencies
The US dollar rose to 135.15 Japanese yen from 134.81. The euro fell to $1.1007 from $1.1025.
Canada
The Toronto Stock Exchange’s S&P/TSX composite index rose 43.12 points, or 0.2%, at 20,585.15.
Europe
European stocks surged on Monday, led by healthcare and bank shares.
The pan-European STOXX 600 index gained 0.4%. Banks and healthcare rose about 0.8% each.
Germany’s DAX fell 0.1% at 15,952.83. France’s CAC 40 rose 0.1% at 7,440.91.
Stock markets in London were closed for a holiday on Monday following the coronation of King Charles on Saturday.
Asia
Asian markets mostly rose on Monday.
Hong Kong’s Hang Seng index gained 1.2% at 20,279.70. Shanghai Composite advanced 1.8% at 3,395.00. South Korea’s benchmark Kospi closed 12.27 points, or 0.49%, higher at 2,513.21.
Japan’s Nikkei 225 fell 0.7% at 28,949.88.
Australia’s S&P/ASX 200 index rose 0.8% at 7,276.5. New Zealand’s benchmark S&P/NZX 50 index rose 0.5% at 11,942.49 points.
Crude oil
Oil prices surged over 2% on Monday as US economic recession worries eased after strong jobs data.
Brent crude rose $1.71, or 2.3%, at $77.01. US West Texas Intermediate (WTI) crude gained $1.82, or 2.6%, to $73.16.
Bullion
Gold for June delivery rose $8.40 to $2,033.20 an ounce. Silver for July delivery fell 10 cents to $25.83 an ounce and July copper rose 5 cents to $3.93 a pound.
