US Equity Markets Rise as Materials, Financials Pace Rally

MT Newswires Live05:18

US equity indexes closed higher Monday as materials and financials paced a broad rally.

* The Chicago Federal Reserve's National Activity Index rose to minus 0.21 in September from minus 0.31 in August, though it remained below economists' forecast of minus 0.17, according to a Bloomberg survey. The three-month moving average slipped to minus 0.21 from minus 0.18.

* West Texas Intermediate crude oil rose $1.49 to settle at $58.01 per barrel, while Brent crude, the global benchmark, was last seen up $1.64 at $62.11.

* Hycroft Mining (HYMC) shares jumped 49% after the company said its latest drilling program confirmed the presence of high-grade silver at the Vortex system within its Nevada mine.

* Dominion Energy (D) shares fell 3.7%. The Trump administration paused the lease for the company's Coastal Virginia Offshore Wind project, along with four other projects under construction in the US, citing national security risks.

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