PrintUS Equity Indexes Rise as Oil Prices Decline
BY MT Newswires | TREASURY | 03:38 PM EDT03:38 PM EDT, 03/16/2026 (MT Newswires) -- US equity indexes rose ahead of the close on Monday as Treasury yields declined and oil prices fell on reports that the US will soon announce a coalition of countries to help ease the transit of energy in the Middle East.
The Nasdaq Composite rose 1.2% to 22,370.3, with the S&P 500 up 1% to 6,701.5. The Dow Jones Industrial Average gained 0.8% to 46,962.6. All sectors were in the green, led by consumer discretionary and technology sectors.
US Treasury yields fell, with the 10-year yield down 6.3 basis points to 4.222%. The two-year yield slipped 5.7 basis points to 3.68%.
West Texas Intermediate crude oil futures slipped 4.8% to $93.96.
In economic news, industrial production rose 0.2% in February, compared with 0.7% in January and higher than 0.1% forecast by analysts surveyed by Bloomberg. Manufacturing output rose 0.2% in February from 0.8% in the month earlier and above the 0.1% expected in a Bloomberg-compiled survey.
US capacity utilization for February stood at 76.3%, unchanged from a month earlier and higher than the 76.2% expected by analysts polled by Bloomberg.
The National Association of Home Builders' monthly housing market index rose to 38 in March from an upwardly revised print of 37 in the month earlier, and higher than the 37 expected in a survey compiled by Bloomberg.
"The [US] administration's executive orders issued last week to reduce regulatory burdens associated with home building are a positive step toward increasing attainable housing supply," NAHB economist Robert Dietz stated.
In company news, Nebius
Gold futures slipped 0.8% to $5,018.8 per troy ounce, and silver futures fell 0.2% to 81.18 per troy ounce.
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