Noticeable decline on Wall Street

Noticeable decline on Wall Street

The path from escalation in the Middle East to the stock market passes primarily through the oil market. Bernhardsen says that the noticeable rise in oil prices could fuel fears of inflation and harm the global economy.

A barrel of North Sea oil was trading for the day at $90.22, up more than 0.73 percent from Friday. A barrel of West Texas Intermediate crude was traded on Monday, down 0.2 percent to $85.46.

Trump is in harsh weather

Trump Media and Technology shares, which was recently listed on the stock exchange, gained momentum on the first trading day of the week. The market pushed the stock down by 18 percent after news of the company's desire to issue several million new shares through the US Financial Regulatory Authority. During the previous week, the share fell by about 20 percent.

Former US President Donald Trump is scheduled to appear on Monday evening, Norwegian time, before a courtroom in New York in connection with the so-called bribery case, in which he is said to have organized a payment to pornographic film actress Stormy Daniels. In 2016. He faces the risk of imprisonment for 4 years.

Financial giant Goldman Sachs It rose 2.94 percent after the company's quarterly presentation, which clearly beat the consensus. Operating income was $14.21 billion in the quarter, compared to expectations of $12.92 billion, according to CNBC.

During the quarterly presentation, Goldman Sachs CEO David Solomon shared his thoughts on how artificial intelligence (AI) will lead to a boom in financing opportunities, he wrote. Market monitoring.

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Electric car manufacturer Tesla Reports indicate that the company will lay off more than 10 percent of its workforce to cut costs. The stock fell 5.59 percent on Monday.

precise

US retail sales rose 0.7 percent month-on-month in March, well above expectations of 0.3 percent. the previous. Automotive retail sales increased by 1.1 percent month-on-month, while a 0.4 percent increase was expected, according to Trading Economics.

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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