US close: Markets end weak month in the red
By Josh White
Date: Friday 01 Oct 2021
(Sharecast News) - Wall Street stocks were in the red at the close on Thursday, as major indices wrapped up a losing month in negative territory.
At the close, the Dow Jones Industrial Average was down 1.59% at 33,843.92, as the S&P 500 lost 1.19% at 4,307.54, and the Nasdaq Composite was 0.44% weaker at 14,448.58.
The Dow closed 546.8 points lower on Thursday, wiping out the gains it made on Wednesday.
Sentiment got a boost after a majority of the US House of Representatives voted to approve a measure put forward by the Senate, to prevent a partial government shutdown as the new fiscal year begins on Friday.
Senate Majority Leader Chuck Schumer said earlier the chamber had struck a deal to bypass a government shutdown, stating he would organise a vote on a stopgap measure to keep the government running into early December.
Also in focus, the yield on the benchmark 10-year Treasury note fell to 1.487% by the close, while the 30-year note was also a touch weaker at 2.045%.
On the macro front, economic growth in the US accelerated in the second quarter as pandemic relief money underpinned consumer spending.
According to the Commerce Department, gross domestic product rose at an annualised pace of 6.7% in the April to June quarter, up from a previous estimate of 6.6% growth, and 0.9% higher than pre-pandemic levels.
Elsewhere, the number of Americans filing for unemployment benefits unexpectedly rose in the week ended 25 September, up 11,000 from the previous week's unrevised level to 362,000, driven by a surge in claims in California, according to the Labor Department.
The four-week moving average increased 4,250 from the previous week's unrevised level to 340,000, while continuing claims, which are a week behind the headline number, rose 131,000 to 2.84m.
Lastly, the Chicago purchasing managers index dropped to 64.7 in September from 66.8 a month earlier, worse than consensus estimates of 65 and indicating a further deterioration in business conditions.
In the corporate space, Bed Bath & Beyond tanked 22.18% after the retailer downgraded its full-year earnings and sales outlook and reported second-quarter revenues had slumped 26% year-on-year to $1.99bn, missing expectations of $2.06bn.
Dow Jones - Risers
Honeywell International Inc. (HON) $230.94 0.00%
Dowdupont Inc. (DWDP) $30.52 0.00%
Salesforce.Com Inc. (CRM) $271.22 -0.22%
International Business Machines Corporation (CDI) (IBM) $138.93 -0.25%
Intel Corp. (INTC) $53.28 -0.39%
Merck & Co. Inc. (MRK) $75.11 -0.45%
Microsoft Corp. (MSFT) $281.92 -0.73%
Nike Inc. (NKE) $145.23 -0.87%
Verizon Communications Inc. (VZ) $54.01 -0.89%
Apple Inc. (AAPL) $141.50 -0.93%
Dow Jones - Fallers
Walgreens Boots Alliance, Inc. (WBA) $47.05 -3.41%
Caterpillar Inc. (CAT) $191.97 -3.27%
3M Co. (MMM) $175.42 -3.14%
Home Depot Inc. (HD) $328.26 -2.85%
Boeing Co. (BA) $219.94 -2.82%
Unitedhealth Group Inc. (UNH) $390.74 -2.56%
American Express Co. (AXP) $167.65 -2.46%
Walt Disney Co. (DIS) $169.17 -2.46%
Visa Inc. (V) $222.75 -2.22%
Chevron Corp. (CVX) $101.45 -2.22%
S&P 500 - Risers
Perrigo Company plc (PRGO) $47.33 8.31%
Paychex Inc. (PAYX) $112.45 4.27%
Electronic Arts Inc. (EA) $142.25 3.12%
Advanced Micro Devices Inc. (AMD) $102.90 2.54%
Netflix Inc. (NFLX) $610.34 1.88%
Xilinx Inc. (XLNX) $150.99 1.83%
Take-Two Interactive Software Inc. (TTWO) $154.07 1.63%
Willis Towers Watson Public Limited Company (WLTW) $232.46 1.52%
FMC Technologies Inc. (FTI) $7.53 1.35%
Wynn Resorts Ltd. (WYNN) $84.75 1.34%
S&P 500 - Fallers
Carmax Inc. (KMX) $127.96 -13.25%
Kohls Corp. (KSS) $47.09 -12.33%
Nordstrom Inc. (JWN) $26.45 -9.57%
Macy's Inc. (M) $22.60 -9.00%
Gap Inc. (GPS) $22.70 -8.50%
Foot Locker Inc. (FL) $45.66 -7.94%
Hanesbrands Inc. (HBI) $17.16 -7.72%
Bath & Body Works, Inc. (BBWI) $63.03 -7.14%
Altria Group Inc. (MO) $45.52 -6.67%
CenturyLink Inc. (LUMN) $12.39 -6.24%
Nasdaq 100 - Risers
NetEase Inc. Ads (NTES) $85.40 4.53%
Paychex Inc. (PAYX) $112.45 4.27%
Trip.com Group Limited (TCOM) $30.75 3.64%
Electronic Arts Inc. (EA) $142.25 3.12%
Netflix Inc. (NFLX) $610.34 1.88%
Xilinx Inc. (XLNX) $150.99 1.83%
Take-Two Interactive Software Inc. (TTWO) $154.07 1.63%
Wynn Resorts Ltd. (WYNN) $84.75 1.34%
Baidu Inc. (BIDU) $153.75 1.20%
Mercadolibre Inc. (MELI) $1,679.40 0.99%
Nasdaq 100 - Fallers
Ross Stores Inc. (ROST) $108.85 -5.32%
Dollar Tree Inc (DLTR) $95.72 -4.77%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $360.92 -4.61%
Walgreens Boots Alliance, Inc. (WBA) $47.05 -3.41%
Hasbro Inc (HAS) $89.22 -3.27%
Henry Schein Inc. (HSIC) $76.18 -2.71%
Qurate Retail Inc. (QRTEA) $10.19 -2.67%
PACCAR Inc. (PCAR) $78.91 -2.64%
Marriott International - Class A (MAR) $148.17 -2.51%
O'Reilly Automotive Inc. (ORLY) $611.12 -2.39%
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