Global market updates: US stocks close mixed ahead of tech earnings, economic data

The S&P 500 closed at 4,137.13, up 0.09 percent. The Dow Jones Industrial Average rose 0.21% to 33,878.36, while the Nasdaq Composite dropped 0.28% to 12,038.56, dragged down by Tesla.

Tesla, which closed down 1.53%, raised its 2023 capital spending forecast to ramp up production.

This week investors focused on first-quarter results from Amazon, Facebook owner Meta, Google-parent Alphabet and Microsoft.

Economic data on housing, industrial output and first quarter GDP are also to be released this week.

Investors expect the Federal Reserve to raise interest rates at next week’s meeting.

The yield on the 10-year US Treasury ended 6 basis points lower at about 3.51%.

Currencies

The US dollar fell against major currencies on Monday. The dollar rose to 134.27 Japanese yen from 134.21. The euro rose to $1.1046 from $1.0977.

Canada

The Toronto Stock Exchange’s S&P/TSX composite index was down 16.41 points, or 0.1%, at 20,676.74.

european market

European markets closed flat on Monday ahead of this week’s major earnings. The pan-European STOXX 600 index closed at 468.97.

In Britain, the FTSE 100 closed unchanged at 7,912.20. Germany’s DAX closed down 0.1% at 15,863.95. France’s CAC 40 ended unchanged at 7,573.86.

Luxury retailer LVMH has become the first European company to surpass a market capitalization of $500 billion.

In Europe, Barclays Plc, Santander, Deutsche Bank AG, UBS Group AG, Nestle SA, Reckitt and Unilever Plc are due to report earnings this week.

Asia

Asian shares declined on Monday, with MSCI’s broadest index of Asia-Pacific shares outside Japan closing 0.36% lower.

Hong Kong’s Hang Seng index closed down 0.6% at 19,959.94. The Shanghai Composite in China closed down 0.8% at 3,275.41. South Korean benchmark Kospi closed down 0.82% at 2,523.51.

Japan’s Nikkei 225 closed up 0.1% at 28,593.52.

Australian shares ended marginally weaker with the S&P/ASX 200 index down 0.1% at 7,322.0. New Zealand’s benchmark S&P/NZX 50 index rose 0.8% to 12,026.39.

crude oil

Oil prices rose more than 1% on Monday on hopes that holiday travel in China would boost fuel demand.

Brent crude rose $1.07, or 1.3%, at $82.73 a barrel. US West Texas Intermediate crude rose 89 cents, or 1.1%, to $78.76.

bullion

Gold for delivery in June rose $9.30 to $1,999.80 an ounce. Silver for May delivery rose 25 cents to $25.31 an ounce.