US Equity Markets Mixed After Data Shows Cooling Trend, Crude Oil Price Drops

MT Newswires Live
Sep 23

US equity indexes were mixed Tuesday as crude oil prices fell and economic data pointed to weaker manufacturing and service-sector activity.

* US President Donald Trump told the UN General Assembly that a deal with Iran is possible after the midterm elections, but his other choice is to "annihilate the Islamic Republic," CNN reported.

* Redbook US same-store sales rose by 7.6% from a year earlier in the week ended Sept. 19 after an 8.5% year-over-year increase in the previous week.

* The Richmond Fed's monthly manufacturing index fell to minus 2 in September from 4 in August, compared with the expectations for 2 in a survey compiled by Bloomberg.

* The Philadelphia Federal Reserve Bank's monthly non-manufacturing activity index worsened to minus 22.0 in September from minus 10.6 in the previous month, compared with the expectations for an improvement to minus 8.7 in a Bloomberg-compiled survey.

* October West Texas Intermediate crude oil fell $1.19 to settle at $94.59 per barrel, while November Brent crude, the global benchmark, was last seen down $1.89 at $98.45.

* Shopify (SHOP) shares were up 7.1%, one of the top gainers on the Nasdaq, after the company said it will incorporate Meta Platforms' (META) Muse agentic AI into its checkout options.

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