US Equity Markets Close Mixed Amid Schumer's Proposal, Drop in Consumer Sentiment

MT Newswires Live
Yesterday

US equity indexes closed mixed on Friday after Senate Minority Leader Chuck Schumer shared a new plan to end the US government shutdown amid a selloff in stocks following a drop in the preliminary reading of the Michigan consumer sentiment index.

* Senate Minority Leader Chuck Schumer proposed a deal to end the ongoing US government shutdown. His plan would fund federal operations temporarily in return for a one-year extension of expanded Affordable Care Act tax credits.

* U.S. consumer sentiment fell in early November, with the University of Michigan's preliminary index dropping to 50.3 from 53.6 in October, missing Bloomberg's forecast of 53.0. The survey showed one-year inflation expectations edged up to 4.7% from 4.6%, while the five-year outlook dipped to 3.6% from 3.9%.

* December West Texas Intermediate crude oil rose $0.40 to settle at $59.83 per barrel, while January Brent crude, the global benchmark, was last seen down $0.34 to $63.72.

* Expedia (EXPE) shares were up nearly 18%, the top gainer on the S&P 500, after the travel booking platform delivered a quarterly beat in Q3 results posted late Thursday.

* Take-Two Interactive Software (TTWO) shares were down about 8.1% after the company delayed the launch of its Grand Theft Auto VI video game again.

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