US stock indices were mixed on Monday, after the discouraging manufacturing data and ahead of President Donald Trump’s latest deadline on tariffs on top trade partners.
As of 10:25 am Eastern time, the S&P 500 was 0.2 per cent lower. The Dow Jones Industrial Average was flat and the Nasdaq Composite fell 0.4 per cent.
At the opening bell, the Dow Jones Industrial Average rose 59.6 points, or 0.14 per cent, to 43,900.49. The S&P 500 rose 13.8 points, or 0.23 per cent, to 5,968.33, while the Nasdaq Composite rose 76.1 points, or 0.40 per cent, to 18,923.358.
A set of tariffs announced by Donald Trump on Canada, Mexico and China are set to take effect on Tuesday.
In the bond market, the yield on the 10-year Treasury was drifting around 4.24 per cent.
Gainers and losers
Among the megacaps, Nvidia stock fell 4.4 per cent, Elon Musk’s Tesla gained 1.9 per cent.
Kroger shares lost 1.3 per cent after the grocery chain’s Chairman and CEO Rodney McMullen resigned following an internal investigation into his personal conduct.
Crypto stocks gained after Trump said over the weekend that his administration was moving forward with a crypto strategic reserve.
Coinbase gained 3.6 per cent and MicroStrategy climbed 5.9 per cent.
Bullion
Gold prices rose on Monday driven by a weaker US dollar and safe-haven buying.
Spot gold gained 0.5 per cent to $2,873.11 an ounce as of 09:29 am ET (1429 GMT). US gold futures rose 1.3 per cent to $2,884.50.
Spot silver was up 1.7 per cent at $31.68 an ounce.
Crude oil
Oil prices were little changed on Monday as investors await the outcome of efforts to end the Russia-Ukraine war.
Brent crude rose 31 cents, or 0.43 per cent, to $73.12 a barrel by 1403 GMT, while US West Texas Intermediate crude was up 25 cents, or 0.36 per cent, at $70.01.
