Market roundup for Oct. 21
SAN JUAN—U.S. stocks closed down Wednesday. We saw a notable decline in the U.S. dollar as Democrats and Republicans get closer to finalizing a new stimulus package.
The losing trading session developed after Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi were to meet to discuss significant portions of the relief package to support businesses and households as the U.S. economy recovers from the pandemic.
Also, the Fed’s October Beige Book stated today that Economic activity continued to increase across the United States, with the pace of growth characterized as slight to modest. Manufacturing activity grew at a moderate rate. Residential housing markets continued to experience steady demand for new and existing homes, with activity constrained by low inventories. Employment and Wages increased, though growth remains slow.
On to markets.
- The Dow Jones Industrial Average closed at 28,210.82, down 97.97 points, or 0.35%.
- The Standard & Poor’s 500 Index closed at 3,443.12, down 7.53 points, or 0.22%.
- The NASDAQ Composite closed at 11,484.69, down 31.80 points, or 0.28%.
- The Birling Capital Puerto Rico Stock Index closed at 1,618.87, down 31.57 points, or 1.91% more
- The 10-year note of the United States Treasury rose, closing at 0.83.
- The 2-year note from the United States Treasury closed at 0.14