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Barron Editorial Director suggests that with increasing taxes, investor should pay attention to high-yielding munis
U.S. stock indexes were mixed on Monday as oil prices hit their highest level in seven years.
The Dow Jones Industrial Average rose 49 points, or 0.14%, while the S&P 500 Index and the Nasdaq Composite Index were down 0.15% and 0.38% respectively. The losses come after the S&P 500 gained 1.2% last week, the best weekly performance since late June.
| Teleprinter | Security | Last | Switch | Switch % |
|---|---|---|---|---|
| Me: DJI | MEDIUM DOW JONES | 34774.77 | +28.52 | + 0.08% |
| SP500 | S&P 500 | 4394.02 | +2.68 | + 0.06% |
| I: COMP | NASDAQ COMPOSITE INDEX | 14594.89706 | +15.36 | + 0.11% |
In stocks, Diamondback Energy Inc., ExxonMobil Corp. and Cabot Oil & Gas Corp. were among the early leaders as West Texas Intermediate crude climbed from $ 1.58 to $ 80.93 per barrel. The energy component briefly exceeded $ 82 for the first time in seven years.
| Teleprinter | Security | Last | Switch | Switch % |
|---|---|---|---|---|
| CROC | DIAMONDBACK ENERGY, INC. | 111.36 | +1.47 | +1.33% |
| XOM | EXXON MOBIL CORP. | 62.54 | +0.37 | + 0.59% |
| TOOTH | n / A | n / A | n / A | n / A |
| CVX | CHEVRON CORP. | 108.34 | +0.30 | + 0.28% |
Elsewhere in space, Chevron Corp. announced that it would aim for net zero emissions for some upstream gas emissions by 2050. A number of other energy companies have already announced plans to reduce greenhouse gas emissions.
Southwest Airlines Co. blamed air traffic control issues, bad weather in Florida and understaffing for more than 1,600 flights canceled over the weekend.
| Teleprinter | Security | Last | Switch | Switch % |
|---|---|---|---|---|
| LCV | SOUTH-WEST AIRLINES CO. | 52.52 | -1.39 | -2.58% |
Merck & Co. said it has requested emergency use authorization for its COVID-19 tablet. If approved, the drug would be the first oral antiviral drug for the disease.
| Teleprinter | Security | Last | Switch | Switch % |
|---|---|---|---|---|
| MRK | MERCK & CO., INC. | 81.09 | +0.41 | + 0.51% |
Honeywell International Inc. has raised its business jet delivery forecast for 2022 to 2031 by 1% to 7,400 aircraft valued at $ 238 billion.
| Teleprinter | Security | Last | Switch | Switch % |
|---|---|---|---|---|
| SHE | HONEYWELL INTERNATIONAL, INC. | 216.76 | -0.94 | -0.43% |
The US Treasury market is closed for Columbus Day.
The overseas markets were mixed.
European trade was choppy with the British FTSE 100 up 0.42% while the French CAC 40 and German DAX 30 fell 0.1% and 0.27% respectively.
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In Asia, the Chinese Shanghai Composite index slipped 0.01%, Japan’s Nikkei 225 rose 1.6% and the Hong Kong Hang Seng index jumped 1.96%.
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