US closes mostly higher as oil-related shares lead

Monday, 13. September 2021 22:01

Major stock markets in the United States closed mostly higher on Monday, mainly pushed by shares of companies related to the energy and fuel industries. OPEC estimated this year's oil demand to increase by 6 million barrels per day (bpd) compared to last year and revised the global demand growth for 2022 to be 0.9 million bpd higher.

New York Federal Reserve released its consumer expectation survey, marking a rise in short and medium-term inflation. Meanwhile, investors will be keeping an eye on the upcoming consumer price index scheduled to be published on Tuesday as it will reveal if the high input costs are being passed along to consumers.

The Dow Jones advanced by 0.76% as UnitedHealth gained 2.63%, while the S&P 500 climbed by 0.23% with APA Corp soaring by 7.81%. The Nasdaq 100 closed flat with 0.04% below the flatline led by Moderna dropping by 6.60%. The euro remained flat against the dollar with 0.03% in the red and exchanging hands for $1.18076 at 3:57 pm ET.

Related Links: 
Author:
Breaking the News / LH