US Equity Indexes Rose in Midday Trading; Gold, Silver Break Price Records

MT Newswires Live01:25

US equity indexes rose in a broad-based rally, with materials and financials leading the sector charts in midday trading on Monday.

The Nasdaq Composite jumped 0.6% to 23,446.1, with the S&P 500 up 0.6% to 6,877.2 and the Dow Jones Industrial Average 0.6% higher at 48,415.2.

Consumer staples were the sole decliners.

Gold futures advanced 1.9% to $4,460.70 intraday, earlier hitting an all-time high of $4,465.10. Silver futures jumped 1.9% to $68.75, also touching an intraday record of $69.53.

US Treasury yields rose, with the 10-year yield up 1.2 basis points to 4.16% and the two-year higher by 1.5 basis points to 3.5%.

West Texas Intermediate crude oil futures jumped 2.3% to $57.83 a barrel.

In economic news, the Chicago Federal Reserve Bank's monthly National Activity Index improved to minus 0.21 in September from minus 0.31 in August, below an expected reading of minus 0.17 in a survey compiled by Bloomberg. The three-month moving average fell to minus 0.21 from minus 0.18 in August.

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