U.S. Stocks traded mixed by opening Monday’s trading session, after the purchases of U.S new homes declined to a six-month low in August and investors threw more hopes European leaders may pave the way for a vaccine to tackle the ailing debt crisis of the 17-nation Euro Area.
Now, Bank of America Corp and JP Morgan Chase & Co advanced 1.11 percnet and 2.13 percnet respectively, as ECB policy makers intends to consider more measures to ease monetary standards to bolster the economy.
Among shares that opened higher on Monday were the Boeing Co and Hewlett-Packard Co that gained nearly 1.78 percent and 2.78 percnet respectively. Moreover, billionaire investor Warren Buffet’s Berkshire Hathaway Inc, Class B climbed at least 5.54 percnet, amid plans of stock repurchase.
Safeway Inc added 5.42 percent, after being raised to “neutral” from “sell” at longbow research. On the other hand, Apple Inc, the maker of the iPhone and iPad, dropped 2.50 percent after a plan to cut orders to vendors in the supply chain for its iPad tablet computer.
The Dollar index which measures the performance of the U.S. dollar against a basket of currencies including the Euro, the Pound, and the Yen, fell from today's opening level of 78.70 to currently trade at 78.41 recording its highest level at 78.86 and its lowest at 77.99.
Gold prices dropped to reach $1597.21 an ounce since the opening price of $1649.73 an ounce. Oil dropped to reach $78.43 after opening at $79.93 per barrel.
The best performing sectors within the Dow were the Technology shares next to Consumer Goods and Industrials shares respectively. The S&P 500's best performing sectors were Financials, Consumer Goods and Telecommunications shares respectively.
The Dow Jones Industrial Average rose 69.17 points or 0.64 percent reaching 10840.65 points, The S&P 500 rose 1.42 points or 0.12 percent reaching 1137.85 points. The NASDAQ Composite shed 20.63 points or 0.83 percent reaching 2462.60 points, Data as of 10:30 New York Time.