Wall Street settled mixed on Monday

Wall Street closed mixed this Monday amid an increase in volatility in the last week of September. The market was scattered due to the absence of new catalysts.

The Dow Jones advanced by 0.21% or 71.37 points, reaching 34,869.37. 

Meanwhile, the selective S&P 500 cut 0.28% or 12.37 points, to 4,443.11. The Nasdaq index fell by 0.52% or 77.73 points, standing at 14,969.97.

Wall Street indicators made gains despite several negative factors, such as the Chinese Evergrande crisis and the debt ceiling in the US.

According to analysts, the market is betting on the recovery from the Covid-19 pandemic, although problems in the supply chain continue to be a concern. 

In addition, investors are adapting that the withdrawal of monetary stimulus could begin before the end of the year if the economy continues to progress.

The continued rise in oil prices is benefiting oil stocks

Brent gained 2.05% to $79.68 per barrel and WTI advanced by 2.04% to $75.49. Goldman Sachs has raised its Brent price forecast by $10 to $90 for the end of the year. Exxon Mobil and Chevron gained 2.9% and 2.8%, respectively. Schlumberger and Halliburton expanded by 4% each. 

By sector, the energy sector increased the most, surging by 3.43%. 

The most affected was real estate, sliding by 1.71%. It was followed by the health sector, which lost 1.43%. Technology moderated its loss to 1.01%. 

Among the 30 companies listed on the Dow Jones, Dow Inc was the biggest gainer, climbing by 5.07%). JPMorgan Chase followed it with a rise of 2.42%. Meanwhile, Chevron advanced by 2.36%, and Goldman Sachs added 2.29%.

Big technology companies such as Salesforce slipped by 2.08%. Meanwhile, Microsoft lost 1.73%, and Procter & Gamble dropped by 1.32%.

Apple and Amazon decreased by more than 2% each. Alphabet, the parent company of Google, lost nearly 1%.