US equity indices were mixed on Monday as investors awaited economic data and comments from Federal Reserve Chair Jerome Powell.

Powell is scheduled to speak on the economic outlook at a National Association for Business Economics event later in the day.

In the next week, a number of economic data are due to be released, including the jobs report for September, the S&P manufacturing and services PMIs.

The Dow Jones Industrial Average was down 226.69 points, or 0.54 percent, at 42,086.31, the S&P 500 was down 4.52 points, or 0.08 percent, at 5,733.65 and the Nasdaq Composite was up 40 points, or 40 percent, at 9:47 a.m. 18,164.00

At the early bell, the Dow Jones Industrial Average fell 77.94 points, or 0.18 percent, to 42,235.06. The S&P 500 fell 11.43 points, or 0.20 percent, to 5,726.74, while the Nasdaq Composite shed 44.76 points, or 0.25 percent, to 18,074.83.

Shares of carmakers Ford Motor And General Motors shed 2.2 percent and 3 percent, respectively, after European peer Stellenbosch NV cut its annual forecasts.

US-listed stocks Alibaba Le Auto rose 3.5 percent, the PDD rose 6 percent and the PDD rose 3.3 percent after China’s central bank said on Sunday it would ask lenders to lower mortgage rates for existing home loans.

Cruise ship operator Carnival fell 4.1 percent even as it reported strong second-quarter profit and revenue.

In the bond market, the yield on the 10-year Treasury held steady at 3.75 percent. The 2-year Treasury yield rose to 3.59 percent from 3.56 percent.

Crude oil

Oil prices fell on Monday on a strong supply outlook.

Brent crude futures for November delivery, which expires on Monday, were down 35 cents, or 0.5 percent, at $71.63 a barrel by 1344 GMT. U.S. West Texas Intermediate (WTI) futures were down 12 cents, or 0.2 percent, at $68.06.

Blaine

Gold prices. Spot gold fell 0.9 percent to $2,634.01 an ounce by 1439 GMT on Monday. U.S. gold futures fell 0.5 percent to $2,655.40.

Silver fell 1.6 percent to $31.13 an ounce.