U.S. stocks close higher Wednesday, staving off September woes.
 | WED, SEP 15, 2021 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 149.03 | +0.91 | +0.61% | | CSCO | 57.56 | -0.31 | -0.54% | | MSFT | 304.82 | +5.03 | +1.68% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AAPL | 149.03 | +0.91 | +0.61% | | F | 13.22 | +0.36 | +2.80% | | BAC | 40.14 | +0.30 | +0.75% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 149.03 | +0.91 | +0.61% | | AMD | 105.60 | -0.13 | -0.12% | | CSCO | 57.56 | -0.31 | -0.54% | |
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U.S. stocks closed higher Wednesday, staving off September woes. A strong economic reading released before the bell appeared to boost market sentiment. The New York Fed's Empire Index, a measure of manufacturing in the region, came in much higher than expected at 34.3 for September. The consensus estimate was 18, according to FactSet. Stocks linked to the economic recovery trended higher following the report. Energy stocks led gains in the S&P 500 as oil prices rose. Industrial names like Caterpillar and Boeing climbed. "On the back of this encouraging economic data, the S&P 500 is taking on a decidedly pro-cyclical tone," Goldman Sachs' Chris Hussey said in a note. Despite Wednesday's gains, the three major stock indexes are down for the month. The S&P 500 is on track for its worst month since January. Investors are awaiting new economic indicators set to be released Thursday: weekly jobless claims and retail sales. |
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