Stocks Pressured by Oil Prices, Interest Rates - InvestingChannel

Stocks Pressured by Oil Prices, Interest Rates

Stocks slipped on Monday as Wall Street struggled to keep the momentum from Friday’s rally.

The Dow Jones Industrials tailed off 83.7 points to 42,269.05.

The S&P 500 index dipped 12.76 points to 5,738.31.

The NASDAQ Composite skidded 60.27 points to 18,077.58.

Earnings season heating up, with results from Delta Air Lines on Thursday, and JPMorgan Chase on Friday.

On the economic front, key releases in the week ahead include the Federal Reserve meeting minutes on Wednesday and the consumer price index report on Thursday.

Prices for the 10-year Treasury dropped, making yields soar to 4.03% from Friday’s 3.97%. Treasury prices and yields move in opposite directions.

Oil prices improved $1.23 to $75.61 U.S. a barrel.

Gold prices fell five dollars to $2,663.80 U.S. an ounce

Related posts

Advisors in Focus- January 6, 2021

Gavin Maguire

Advisors in Focus- February 15, 2021

Gavin Maguire

Advisors in Focus- February 22, 2021

Gavin Maguire

Advisors in Focus- February 28, 2021

Gavin Maguire

Advisors in Focus- March 18, 2021

Gavin Maguire

Advisors in Focus- March 21, 2021

Gavin Maguire