Global markets update: US stocks end mixed ahead of debt ceiling talks

US stocks ended mixed on Monday ahead of debt ceiling negotiations. Talks between White House and Republican leaders were expected to resume Monday night.

The S&P 500 gained less than 0.1% at 4,192.63. The Dow Jones Industrial Average fell 140.05 points, or 0.4%, at 33,286.58. The Nasdaq composite rose 62.88, or 0.5%, at 12,720.78.

Among regional banks, Comerica climbed 3.5%, KeyCorp 4.6% and Western Alliance Bancorporation jumped 10.3%. 

Chevron shares fell 1.8% after announcing it will acquire PDC Energy for $6.3 billion. PDC gained 7.2%.

JetBlue dropped 2.1% and American Airlines lost 3% after a federal court verdict on Friday said that the companies' alliance for service in the Northeastern region must end due to competition concerns.

Meta Platforms gained 1.1% after it called European regulators’ decision to impose a record $1.3 billion privacy fine “flawed” and “unjustified”. Meta said it would appeal against the decision.

The yield  on 10-year treasury rose to 3.71% from 3.68% late Friday. The 2-year treasury yield rose to 4.32% from 4.28%.

Currencies

The US dollar rose to 138.56 Japanese yen from 138.10. The euro rose to $1.0819 from $1.0808.

Europe

European stocks closed mixed on Monday, with the pan-European STOXX 600 index largely unchanged at the close.

Britain’s FTSE 100 gained 0.2% at 7,770.99. Germany’s DAX fell 0.3% at 16,223.99. France’s CAC 40 lost 0.2% at 7,478.16.

Asia

Most markets in Asia closed higher on Monday.

Hong Kong’s Hang Seng index climbed 1.2% at 19,678.17. China’s Shanghai Composite added 0.4% at 3,296.47.

Japan’s Nikkei 225 rose 0.9% at 31,086.82.

Australia’s S&P/ASX 200 index ended 0.2% lower at 7,263.3. New Zealand's benchmark S&P/NZX 50 index fell about 0.9% at 11,993 points.

Markets in South Korea, Singapore, Taiwan, Indonesia and Thailand were also up.

Energy prices

Brent crude for July delivery rose 41 cents to $75.99 a barrel on Monday. US crude oil benchmark for June delivery rose 44 cents to $71.99 a barrel.

Natural gas for June delivery fell 19 cents to $2.40 per 1,000 cubic feet.

Bullion

Gold for June delivery fell $4.40 to $1,977.20 an ounce. Silver for July delivery fell 20 cents to $23.86 an ounce.