US Stocks Mixed as Industrial Production Growth Slows, Crude Oil Jumps

Last Updated: Wednesday, September 15, 2021 12:41 PM | MT Newswires

US stocks were mixed at midday Wednesday as industrial production growth eased in August, while crude oil jumped after a bigger-than-expected draw in stockpiles.

The Dow Jones Industrial Average climbed 0.2% to 34,658.81, with S&P 500 up 0.2% as well. The Nasdaq Composite slipped 0.1%. Energy was the leading sector while consumer discretionary lagged.

The 10-year US Treasury yield rose 4 basis points to 1.31%.

West Texas Intermediate crude oil gained $2.11 to $72.57 per barrel.

US industrial production rose by 0.4% in August from a downwardly revised 0.8% increase in July. Market expectations were for an increase of 0.5%, according to a survey compiled by Bloomberg.

US commercial crude oil stocks fell by 6.4 million barrels during the week ended Sept. 10, following a drop of 1.5 million barrels in the previous week. Analysts in a survey compiled by Bloomberg had anticipated a decline of 3.6 million barrels.

Share this article:

Related Companies

You May Also Like

Related Articles

Sector Update: Financial Stocks Reeling from China Evergrande's Debt Woes

Sector Update: Energy Stocks Finish Lower Amid Retreat in Oil Prices

Sector Update: Health Care

Sector Update: Tech

Sector Update: Consumer

Related Companies