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S&P 500 down as Utilities Slide and Energy At Negative levels, Europe Closed Mix

London, Monday, 11 October 2021

S&P 500: -0.27%

Dow Jones: -0.32% or 111 points

Nasdaq: -0.1%

Energy stocks ended lower despite oil prices reaching $81 a barrel on expectations that tighter supplies will remain until the end of the year.

Utilities were down more than 1% with investors expecting U.S. Treasury yields to continue their upward trend.

Alliant Energy Corp (NASDAQ: LNT), DTE Energy (NYSE: DTE) and Nextera Energy (NYSE: NEE) were down more than 2%.

The bond market was closed Monday for Columbus Day.

Materials stocks were best performers, led by a 4% jump of Freeport-McMoran Copper & Gold Inc (NYSE: FCX)

Europe closed mixed amid a rally in mining stocks

STOXX Europe 600: +0.05%

FTSE 100: +0.72%

DAX: -0.05%

CAC: +0.16%

FTSE MIB: -0.46%

IBEX: -0.63%

(Written and edited by: The Decision Maker)


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