US stocks were higher on Monday on optimism that Russia would end its war on Ukraine as the two countries begin fresh talks.
As the S&P 500 and Dow pushed the industrialists up, the Nasdaq Composite slipped. Tech stock investors have turned their attention to 10-year treasury yields, which have risen to a record high of 2% since 2019. The stock fell last week as the Nasdaq Composite lost more than 3%.
A fourth round of talks is reportedly underway between Russia and Ukraine. A Ukrainian official told the BBC that Russia was ready to launch "constructive talks".
Here are the US indices for Monday morning at 9:30 am:
- S&P 500: 4,214.32, up 0.24%
- Dow Jones Industrial Average: 33,119.52, 0.53% (175.33 points)
- Nasdaq Composite: 12,792.23 down 0.41%
Investors also focused on the Federal Open Market Committee meeting this week. Of rating board
Federal Reserve
The announcement is expected to be the first in a series of rate hikes for 2022, ending an era of unprecedented easing monetary policy to sustain the economy through the Kovid-19 pandemic.
Oil prices fell. West Texas Intermediate crude fell 4.1 percent to $ 104.84 a barrel. International benchmark Brent crude fell 3.5% to $ 108.72.
Gold fell 0.9 percent to $ 1,968.20 an ounce.
The 10-year yield rose eight basis points to 2.081%.
Bitcoin rose 2.6% to $ 38,828.41.
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Courtesy Grizler.com
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