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US Equity Markets Close Down Monday as Macro Data Assessed
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US Equity Markets Close Down Monday as Macro Data Assessed
Mar 25, 2024 1:30 PM

04:09 PM EDT, 03/25/2024 (MT Newswires) -- US equity markets ended lower Monday as investors assessed the latest batch of macro data.

* New-home sales slowed to a 662,000 annual rate in February from an upwardly revised 664,000 rate in January but were 5.9% above the level in February 2023. The supply of new homes for sale increased 1.3% from January and was 5.9% higher than a year earlier.

* The Dallas Federal Reserve's monthly manufacturing reading fell to a reading of minus 14.4 in March from minus 11.3 in February, indicating a faster pace of contraction.

* May West Texas Intermediate crude oil rose $1.42 to $82.05 per barrel, while May Brent crude, the global benchmark, was last seen up $1.37 to $86.80 after Ukraine hit Russian refineries.

* United Airlines (UAL) shares fell 3.4% after the Federal Aviation Administration said the company will face increased scrutiny by regulators worried about recent safety lapses.

* Boeing ( BA ) shares rose 1.3% after the company disclosed several senior leadership changes, including the planned departure of Chief Executive Officer Dave Calhoun, as the aircraft manufacturer looks to regain its footing following recent production problems and quality control issues.

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