US closes higher, Dow up over 230 pts

Wednesday, 15. September 2021 22:00

Major equities in the United States closed higher on Wednesday as they rebounded from the previous day of losses. Industrial production data arrived below expectations, but higher month-on-month and up 5.9% compared to last year. Energy and fuel shares traded in the green as oil futures rose over 1% after American Petroleum Institute revealed that inventories have shrunk.

On the coronavirus front, the White House confirmed that the plan to introduce the COVID-19 booster program on September 20 is still unchanged. In its report to the FDA, Pfizer noted that a third shot of the vaccine increases protection up to 95%. Meanwhile, President Joe Biden met with private sector leaders to discuss vaccination options.

The Dow closed 0.68% higher with Walgreens increasing by 3.94%, while the S&P 500 rose by 0.85% as EOG Resources jumped 8.33%. The Nasdaq 100 climbed 0.78%, led by eBay gaining 3.64%. The euro advanced by 0.12% against the US dollar exchanging hands for $1.18163 at 3:58 pm ET.

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Breaking the News / LH