Record record for US equities (AFP)
US stocks closed the month of October up, despite the lateral movements of the last days of the month, which ended in red, but now all eyes are on Fed decision it should increase Benefit 2:00 p.m. Wednesday, Washington time.
During the trading of the first days of the week and the last days of the month, the stocks fluctuated between gains and losses, but the Dow Jones index, which on this day lost 128 points, managed to reach its best monthly performance since 1976, with an increase of almost 14%.
In the same month, the S&P 500 increased its value by 8%, while the Nasdaq gained 3.9%.
After his companies were largely attributed to strong earnings over the past month, oil prices fell on Monday amid expectations of an increase in U.S. production, albeit weak economic data from China and mounting restrictions. The country’s COVID-19 weighed on demand.
Brent crude futures fell 94 cents, or 0.98%, to $ 94.83 a barrel, and US West Texas Intermediate crude fell $ 1.37, or 1.6%, to $ 86. 53 per barrel, at the time of settlement.
Recent monthly government data showed U.S. oil production jumped to nearly 12 million barrels per day in August, the highest level since the start of the Covid-19 pandemic.
In connection with the matter, US President Joe Biden on Monday called on oil and gas companies to use their record profits to cut costs for Americans and increase production, or pay a higher tax rate, while struggles to curb gasoline prices a week before the mid-term congressional elections.
Biden, in statements to the White House, criticized the major oil companies for reaping huge profits, while Americans, tired of inflation, pay a lot of money to fill up their cars with fuel.
