US stocks were mixed on Monday ahead of debt ceiling talks. Talks between the White House and Republican leaders were expected to resume Monday night.
The S&P 500 closed less than 0.1% at 4,192.63. The Dow Jones Industrial Average closed down 140.05 points, or 0.4%, at 33,286.58. The Nasdaq Composite was up 62.88, or 0.5%, at 12,720.78.
Among regional banks, Comerica rose 3.5%, KeyCorp 4.6% and Western Alliance Bancorporation 10.3%.
Chevron shares fell 1.8% after it announced it would acquire PDC Energy for $6.3 billion. PDC rose 7.2%.
JetBlue declined 2.1% and American Airlines fell 3% on Friday after a federal court ruled that the companies’ alliance to serve the Northeast region must end because of competition concerns.
Meta Platforms gained 1.1% after European regulators ruled it was “flawed” and “unfair” to impose a record $1.3 billion privacy fine. Meta said it would appeal against the decision.
The yield on the 10-year Treasury rose to 3.71% from 3.68% late Friday. The 2-year Treasury yield rose to 4.32% from 4.28%.
Currencies
The US dollar rose to 138.56 Japanese yen from 138.10. The euro rose to $1.0819 from $1.0808.
Europe
European shares closed mixed on Monday as the pan-European STOXX 600 index closed.
Britain’s FTSE 100 rose 0.2% to close at 7,770.99. Germany’s DAX closed down 0.3% at 16,223.99. France’s CAC 40 closed down 0.2% at 7,478.16 points.
Asia
Most of the Asian markets closed with gains on Monday.
Hong Kong’s Hang Seng index was up 1.2% at 19,678.17. China’s Shanghai Composite was up 0.4% at 3,296.47.
Japan’s Nikkei 225 rose 0.9% to close at 31,086.82.
Australia’s S&P/ASX 200 index closed down 0.2% at 7,263.3. New Zealand’s benchmark S&P/NZX 50 index fell nearly 0.9% to 11,993.
Markets in South Korea, Singapore, Taiwan, Indonesia and Thailand also gained momentum.
energy prices
Brent crude for July delivery rose 41 cents to $75.99 a barrel on Monday. The benchmark US crude for June delivery rose 44 cents to $71.99 a barrel.
Natural gas for June delivery fell 19 cents to $2.40 per 1,000 cubic feet.
bullion
Gold for delivery in June fell $ 4.40 to $ 1,977.20 an ounce. Silver for delivery in July declined 20 cents to $23.86 an ounce.
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