US close: Major indices snap two-day losing streak
Wall Street stocks closed higher on Monday as major indices reclaimed a fraction of last week's heavy losses ahead of this week's FOMC meeting.
At the close, the Dow Jones Industrial Average was up 0.64% at 31,019.68, while the S&P 500 was 0.69% firmer at 3,899.89 and the Nasdaq Composite saw out the session 0.76% stronger at 11,535.02.
The Dow Jones was up 197.26 points at the close on Monday, snapping a two-day losing streak.
Stocks traded higher as market participants looked ahead to this week's Federal Reserve policy meeting, set to kick off on Tuesday, with the central bank widely expected to hike interest rates by another 75 basis points.
On the macro front, the National Association of Housebuilders' housing market index fell for the ninth month in a row in September, dropping to 46 and missing market expectations for a print of 47.
"Buyer traffic is weak in many markets as more consumers remain on the sidelines due to high mortgage rates and home prices that are putting a new home purchase out of financial reach for many households," said NAHB Chairman Jerry Konter.
In the corporate space, automotive giant Ford revealed after the close that supply chain issues were on track to cost the group as much as $1.0bn in the third quarter, sending shares south in extended trading.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Nike Inc. (NKE) $107.21 2.97%
Apple Inc. (AAPL) $154.48 2.51%
Home Depot Inc. (HD) $280.42 1.61%
American Express Co. (AXP) $155.36 1.49%
Caterpillar Inc. (CAT) $182.11 1.47%
Travelers Company Inc. (TRV) $164.29 1.21%
JP Morgan Chase & Co. (JPM) $118.16 0.92%
Salesforce.Com Inc. (CRM) $152.83 0.87%
Walmart Inc. (WMT) $134.33 0.86%
Walt Disney Co. (DIS) $109.17 0.85%
Dow Jones - Fallers
Merck & Co. Inc. (MRK) $86.64 -1.23%
Johnson & Johnson (JNJ) $166.28 -0.79%
Walgreens Boots Alliance, Inc. (WBA) $34.15 -0.35%
Procter & Gamble Co. (PG) $137.99 -0.21%
Amgen Inc. (AMGN) $230.76 -0.16%
Microsoft Corp. (MSFT) $244.52 -0.09%
Visa Inc. (V) $193.13 -0.09%
Verizon Communications Inc. (VZ) $41.24 -0.02%
Dowdupont Inc. (DWDP) $0.00 0.00%
Honeywell International Inc. (HON) $0.00 0.00%
S&P 500 - Risers
Westrock Company (WRK) $36.02 5.48%
Mosaic Company (MOS) $54.87 5.11%
Packaging Corp. Amer (PKG) $124.10 5.11%
CF Industries Holdings Inc. (CF) $103.47 4.95%
Invesco Ltd. (IVZ) $16.86 4.79%
Arconic Inc. (ARNC) $21.13 4.50%
Gap Inc. (GPS) $9.52 4.39%
Mattel Inc. (MAT) $21.78 4.21%
Freeport-McMoRan Inc (FCX) $30.49 3.95%
Nordstrom Inc. (JWN) $19.64 3.92%
S&P 500 - Fallers
Edwards Lifesciences Corp. (EW) $88.83 -4.84%
AutoZone Inc. (AZO) $2,097.59 -3.14%
Global Payments Inc. (GPN) $126.97 -2.84%
Fidelity National Information Services Inc. (FIS) $82.39 -2.22%
Welltower Inc (WELL) $71.24 -2.17%
United Domin Rlty Trust (UDR) $43.75 -1.99%
Intuitive Surgical Inc. (ISRG) $202.21 -1.97%
Pioneer Natural Resources Co. (PXD) $234.85 -1.94%
Align Technology Inc. (ALGN) $244.19 -1.94%
Teleflex Inc. (TFX) $222.95 -1.94%
Nasdaq 100 - Risers
American Airlines Group (AAL) $14.21 3.35%
JD.com, Inc. (JD) $56.82 2.62%
PACCAR Inc. (PCAR) $87.29 2.53%
Apple Inc. (AAPL) $154.48 2.51%
Trip.com Group Limited (TCOM) $25.73 2.39%
Fastenal Co. (FAST) $48.43 2.26%
Hasbro Inc (HAS) $77.43 2.15%
Baidu Inc. (BIDU) $126.25 2.07%
J.B. Hunt Transport Services Inc. (JBHT) $169.61 1.89%
Tesla Inc (TSLA) $309.07 1.89%
Nasdaq 100 - Fallers
Intuitive Surgical Inc. (ISRG) $202.21 -1.97%
Align Technology Inc. (ALGN) $244.19 -1.94%
Western Digital Corp. (WDC) $36.62 -1.61%
Vertex Pharmaceuticals Inc. (VRTX) $285.14 -1.58%
eBay Inc. (EBAY) $41.35 -1.55%
Dish Network Corp. (DISH) $17.03 -1.50%
Charter Communications Inc. (CHTR) $372.13 -1.44%
Micron Technology Inc. (MU) $52.10 -1.42%
Adobe Systems Inc. (ADBE) $296.06 -1.15%
Seagate Technology Plc (STX) $62.02 -1.10%