Sunday , March 26 2023

The bottom of oil and technology deepens on Wall Street.


slump It was held Friday on the New York Stock Exchange. The Standard & Poor's 500 index rose 0.9% and the Dow Jones industrial average rose 0.8%. The Nasdaq composite index fell 1.7%.

In the evening, oil prices continued to fall, Brent spot prices fell below $ 70 a barrel, and the WTI fell slightly by just 1.4 percent to $ 59.9 a barrel. According to the Financial Times (FT) of the United States, the US futures price was the 10th lowest in a row.

It gave an impression. In the energy sector, oil service company Baker Hughes backed 4.6 percent while sector associate Schlumberger fell 2 percent. Other product inventories, such as early in Europe earlier this week, were weak, including the Freeport-Mcmoran mining giant, which fell 4.7%.

Several electrical companies were found on the floor of the S & P 500 after a blackout in California caused a power outage. Pacific Gas & Electric fell 16.6% while Edison International's sector fell fell 12%.

GE showed a 5.6 percent decline when JP Morgan lowered its share price from $ 10 to $ 6.

The press also came out. Finally, the recession has eased somewhat during the trading hours, but it has escaped a major decline in the technology sector. Apple and Amazon fell 1.9% and 2.4%, respectively. Netflix fell 4.6%. While Facebook fell 1.8 percent, the alphabet dropped 1.4 percent.

In the hardware segment, NVIDIA fell only 0.2%, while Qualcomm's peers fell 2.3%. Semiconductor company Skyworks Solutions fell 8.1% in the weak quarterly report.

Gamey Activision Blizzard The incident continued after the weak interim report was submitted after the Thursday shutdown. The stock closed at 12.4 percent.

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