Major U.S. stock-indexes little changed on Monday as investors desisted from taking large positions ahead of the outcome of the U.S. election next week.
Furthermore, U.S. consumer spending rose more than expected in September as households boosted purchases of motor vehicles and inflation increased steadily, which could bolster expectations of an interest rate hike from the Federal Reserve in December. The Commerce Department said on Monday that consumer spending, which accounts for about 70% of U.S. economic activity, increased 0,5% after dipping 0,1% in August. Last month’s rise in consumer spending offered a fairly strong handoff from the third quarter to the current quarter.
Most of Dow stocks in positive area (20 of 30). Top gainer – Chevron Corporation (CVX, +1.42%). Top loser – NIKE, Inc. (NKE, -3.09%).
Most of S&P sectors also in positive area. Top gainer – Utilities (+2.1%). Top loser – Basic Materials (-0.5%).
At the moment:
Dow 18088.00 -10.00 -0.06%
S&P 500 2124.25 +0.50 +0.02%
Nasdaq 100 4805.75 -0.25 -0.01%
Oil 47.13 -1.57 -3.22%
Gold 1274.20 -2.60 -0.20%
U.S. 10yr 1.84 +0.00