US Markets Wrap-Up (28/09/2021)

US Markets saw oil hit its highest level in nearly three years and bond yields rose on Monday the 28th of September.

The S&P 500 went down 0.3% and the Nasdaq Composite Index also dropped, declining 0.5%. On the contrary, The Dow Jones Industrial increased, seeing 0.2% gain. Bitcoin climbed 1% compared with its level at 5pm Friday, recovering some ground after a steep decline prompted by the Chinese government outlawing cryptocurrency transactions. Facebook Inc. shares saw declines in early trading by the giant announcing it will pause the development of its Instagram for kids project. Meanwhile, Alphabet's Google started its appeal Monday to overturn a $5 billion antitrust fine imposed by the European Union. Shares declined 0.8%.’

Google and Facebook's slight drop have effected that of the (tech-heavy) Nasdaq Composite Index.

Shares of energy stocks saw gains. Occidental Petroleum Corp jumped 7.4 and, Marathon Oil Corp also saw gains, rising 6.2%. Travel stocks also gained, with shares of Carnival Corp and Royal Caribbean Group all gaining.