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BackU.S. stocks close》Oil prices rose, Micron fell 3.9%, U.S. stocks were mixed, TSMC ADR fell 1.98%
U.S. stocks close》Oil prices rose, Micron fell 3.9%, U.S. stocks were mixed, TSMC ADR fell 1.98%
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自由时报1 hour agoBusiness2 min readChinaView original

U.S. stocks close》Oil prices rose, Micron fell 3.9%, U.S. stocks were mixed, TSMC ADR fell 1.98%

Quick Look

  • Saudi Arabia's Riyadh International Airport suffered a fatal attack over the weekend, causing international oil prices to rise by nearly US$2 per barrel, overshadowing expectations for an increase in supply.
  • At the same time, the market is focusing on the third-quarter earnings report and economic data of U.S. stocks.
  • Large U.S. banks will be the first to announce earnings reports on Tuesday, and September CPI, PPI and retail sales data will be released during the week.

AI-generated summary

Why It Matters

The market originally expected that increased oil supply would suppress oil prices, but the Saudi airport attack changed supply expectations. At the same time, U.S. stocks entered the third-quarter earnings season, and investors focused on bank performance and inflation data.

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The attack on the Saudi Arabian airport caused a sharp rise in international oil prices. The market focused on the third quarter earnings and economic data of US stocks. The four major US stock indexes had mixed gains and losses on Monday. (Reuters)

[Real-time News/Comprehensive Report] The attack on the Saudi Arabian airport caused a sharp rise in international oil prices. The market focused on the third-quarter earnings and economic data of the US stock market. The four major US stock indexes had mixed gains and losses on Monday, with all but the Dow Jones Industrial Average falling. Taiwan stock ADRs were mixed, with TSMC ADRs falling 1.98%.

Crude oil futures prices rose sharply due to a deadly attack on Riyadh International Airport over the weekend, with oil prices rising by nearly $2 per barrel. The attack also overshadowed the market's original expectations for an increase in supply.

Please read on...

At the same time, investors are waiting for the U.S. banking industry to take the lead in releasing third-quarter earnings reports, as well as economic data to be released this week. Major U.S. banks, including Goldman Sachs, Citigroup and JPMorgan Chase, will be the first to report earnings on Tuesday. This week will also release the US Consumer Price Index (CPI), Producer Price Index (PPI), and retail sales data for September.

U.S. Treasury markets were closed Monday for Native American Day. However, energy prices remain high, exacerbating market concerns about inflation, and the U.S. 30-year Treasury bond yield has recently risen to a 24-year high.

The Dow Jones Industrial Average rose 195 points, while the S&P 500 ended almost flat, down slightly. The Philadelphia Semiconductor Index closed down 2.7% and hit a three-week low. The Nasdaq Composite Index, which is dominated by technology stocks, was dragged down by a 3.9% decline in Micron Technology's stock price. This decline was mainly due to investors assessing the increasing competitive pressure from China's Changxin Memory (CXMT).

The Dow gained 195.60 points, or 0.38%, to close at 51,850.55.

The Nasdaq fell 120.27 points, or 0.44%, to close at 27,245.90 points.

The S&P 500 fell 4.30 points, or 0.055%, to close at 7,807.24.

The Philadelphia Semiconductor Index fell 335.63 points, or 2.67%, to close at 12,236.79 points.

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What to Watch

AI outlook — possibilities, not facts

  • Major U.S. banks will be the first to report third-quarter earnings on Tuesday

    Very likely · Within days

  • U.S. consumer price index (CPI), producer price index (PPI) and retail sales data for September will be released this week

    Very likely · Within days

Open Questions

  • Who is specifically responsible for the attack?
  • Will Saudi Arabia tighten airport security measures?
  • Will this event cause a long-term supply disruption or just a short-term fluctuation?
  • Will Bank of America's third-quarter earnings report be worse than expected due to the impact of the macro environment?

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This article was originally published by 自由时报.

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