September 16, 2021

Markets Live, Tuesday, 14 September, 2021

A late-afternoon burst of buying helped stock indexes close mostly higher on Wall Street on Monday (US time), snapping a five-day losing streak for the S&P 500.

The benchmark index shook off an afternoon slump to finish 0.2 per cent higher. Banks, energy companies and communication stocks accounted for much of the index’s broad gains. Health care and utilities stocks fell. The S&P 500 was coming off its biggest weekly drop since June.

Despite the rally, the ASX is set to open lower with futures at 6.37am AEST pointing to a fall of 12 points, or 0.2 per cent, at the open.

Oil prices have firmed up as hurricane season keeps US production muted and producers look for rising demand post-pandemic. Credit:AP

The price of US crude oil rose 1 per cent and crossed back above $US70 ($95) per barrel. It hasn’t closed above that level since early August. Natural gas prices jumped 5.9 per cent…

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