October 21, 2024

Wall Street today: US stocks decline ahead of major earnings

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Wall Street stocks edged lower on Monday ahead of major earnings reports.

At the opening bell, the Dow Jones Industrial Average fell 53.7 points, or 0.12%, to 43,222.21. The S&P 500 fell 6.9 points, or 0.12%, to 5,857.82, while the Nasdaq Composite dropped 33.1 points, or 0.18%, to 18,456.481.

Oil prices rose on Monday, recouping some of last week’s more than 7% decline on worries about demand in China.

Brent crude futures were up $1.10, or 1.51 per cent, at $74.16 a barrel at 1308 GMT. US West Texas Intermediate crude futures were $1.26, or 1.82 per cent, higher at $70.48 a barrel.

Gold prices rallied for a fifth straight day on Monday, hitting a record high on uncertainties around the US election.

Spot gold gained 0.6 per cent to $2,735.38 per ounce, as of 1112 GMT. US gold futures were 0.7 per cent higher at $2,750.00.

Spot silver rose 1.1 per cent to $34.02 per ounce, its highest since late-2012.

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