AllMarket Update
logoArgusSeptember 15, 2021

Market Update: INTU, IPG, ORCL

Sector(s)
Communication Services, Technology
Summary

Stocks were mixed on Wednesday morning on continued concerns about slowing economic growth and potentially higher corporate tax rates. Manufacturing data was weak. The Federal Reserve said that U.S. manufacturing output rose just 0.2% in August, down from 1.6% in July and below the Reuters consensus forecast of 0.4% growth. The Dow rose 0.2%, the S&P rose 0.3%, and the Nasdaq fell 0.1%. Crude oil traded near $73 per barrel, while gold fell $11 to $1796 per ounce.

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