TELETRADER News
11/8/2021, 10:01 PM (Source: TeleTrader)
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US closes mostly higher ahead of earnings

Major stock markets in the United States closed mostly higher on Monday ahead of the release of the latest earnings reports by PayPal Holdings Inc., Virgin Galactic, and Tencent Holdings Ltd. Earlier, the Federal Reserve's Charles Evans and Michelle Bowman warned about the risks of the persistent higher inflation. Meanwhile, the White House said it is monitoring the trends in the prices of gas.

The Dow Jones Industrial Average rose by 0.28% or 103 points at the close as Caterpillar Inc. went up by 4.07%. The S&P 500 grew by 0.09%, its new record-high at the closing bell, with Advanced Micro Devices (AMD) Inc. surging by 10.14%. On the other hand, the Nasdaq 100 decreased by 0.14% as Peloton Interactive Inc. plunged by 7.93%.

The euro gained 0.19% to the dollar to sell for $1.15897 at 3:57 pm ET.

Baha Breaking the News (BBN) / JR