New records in New York

New records in New York

The mood on Wall Street in New York improved throughout the day on Tuesday. The recovery from the weak positive opening was caused by the Senate’s approval of President Joe Biden’s $1,200 billion infrastructure package.

  • wide Standard & Poor’s 500 It ended up 0.10 percent higher at 4,436.78 points, after hitting a new all-time high on the day at 4,445.21 points.
  • Industry Dow Jones Up 0.46 percent to 35,264.67 points, even after taking first place in the new list. The new peak is now 35,285.16 points.
  • Technology Index Nasdaq The index closed down 0.49 percent to 14,788.09 points, weighed down by rising government interest rates.

However, the rise in interest rates was positive for banking stocks, with Wells Fargo, Goldman Sachs and Bank of America all up about 2 percent.

Note: Freyr Battery opened trading on the New York Stock Exchange on July 8, with CEO Tom Einar Jensen and Chairman Torstein Dale Sj√łtveit in the middle. Photo: fax from the live broadcast

It was also a positive day for oil stocks, as oil prices fell after Monday’s lackluster. Brent oil closed at $70.72 a barrel in the United States, up 2.1 percent. The price of West Texas Intermediate crude rose 2.4 percent to $ 68.39 a barrel. Exxon Mobil and Chevron shares rose 1.7 percent and 1.8 percent.

I’m Rana Hessa

For Battery Freyr, Tuesday ended with a new double-digit price increase. The stock rose 10.2 percent to $13.25, an increase of 51.4 percent last week. Also on Thursday, the stock rose in the double digits, then rose 15.4 percent to $11.09. The stake was listed in New York on July 8 through a merger with Alussa Energy.

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It was recently announced that the company’s board of directors has decided to build the first battery plant in Mo i Rana. The decision came in the wake of the IPO with an accompanying injection of shares that enabled the battery production.

The start of construction was announced this month, and production is expected to start in the second half of next year.

Earlier this year, CEO Tom Einar Jensen spoke about the company’s production technology, investments, competitors, customers, and expectations, among others.

After the merger with fictitious energy company Alwasa, Freyr Battery will be listed on the New York Stock Exchange on Thursday. CEO Tom Einar Jensen explains why New York exists and why the listing is done through the so-called SPAC. It also tells us how far he thinks the company has come in ten years, what obstacles must be overcome to get there, how much to invest, and when he expects the company to break even in operations.

Fang in red

Construction giant Caterpillar shares closed 2.5 percent higher. Steel producer Nucor rose 9.6 percent. However, Facebook, Apple, Amazon, Netflix and Alphabet, owner of Google, ended up in the red. While stocks such as Norwegian Cruise Line and American Airlines reopened, they rose 4.7 and 1.9%, according to CNBC.

The Oslo Stock Exchange also set a new record on Tuesday.

On Monday, the Dow and S&P 500 closed in the red, while the Nasdaq rose.

Bitcoin fell about 1.8 percent to $45,572 after an even bigger rally on Monday. At the time of closing in the US, the price of gold fell slightly to just under $1,729 per dollar. unse.

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The Vix index, known as the Fear Index, rose 0.4 percent to 16.79 points.

Dalila Awolowo

Dalila Awolowo

"Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff."

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