US: Stocks mixed ahead of key economic reports
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[NEW YORK] Wall Street stocks were mixed early Monday ahead of key economic data this week updating the state of the US economic recovery from the coronavirus downturn.
Equities last week received support from progress on President Biden's infrastructure package and a series of appearances from Federal Reserve officials that were seen as reassurances that a major about-face in US monetary policy is not imminent.
On the downside, the Delta variant of Covid-19 is garnering more attention after it prompted new restrictions in Australia.
"The markets remain focused on the timing of global monetary policy tightening but appear to be taking recent signs of inflation in stride," according to a market note from Charles Schwab.
About 20 minutes into trading, the Dow Jones Industrial Average was down 0.4 per cent at 34,309.48.
The broad-based S&P 500 shed 0.1 per cent to 4,278.28, while the tech-rich Nasdaq Composite Index gained 0.5 per cent to 14,436.76.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
AFP
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
