Red on Wall Street: Six of the seven “magnificent seven” stocks fell

Red on Wall Street: Six of the seven “magnificent seven” stocks fell

On Tuesday, parts of the loss were recovered, and the stock rose 6 percent. The price is now slightly higher than the listing price after last week's listing, which has also caused Trump's personal wealth to increase. The former president owns 58% of the company.

oil

Oil prices have risen significantly recently, and Tuesday was no exception. Dish Brent oil It is at $88.94, up 1.74 percent from midnight. West Texas Intermediate Oil Up 1.67 percent to $85.11 per barrel.

An Israeli air strike on the Iranian embassy in Syria killed seven military advisers, including a high-ranking general. This represents an escalation of the war in Gaza between Israel and the Iranian-backed Hamas movement. Reuters wrote that the expansion of the conflict has led to concerns about its impact on oil supplies.

March industrial activity rose in China for the first time in six months and rose in the United States for the first time in a year and a half. This means increased demand for oil this year, as China is the world's largest oil importer (and second-largest consumer), and the United States is its largest consumer.

– Bullish signals for oil prices continue to accumulate: Stronger-than-expected economic conditions in China and the United States provide a more optimistic outlook for demand, while geopolitical tensions in the Middle East continue to rise following Iran's intervention, market strategist Yeap Jun Rong at IG tells Reuters.

On the stock market, prices of almost all major oil producers rose. Exxon Mobil It led the way with a 2 percent increase Chevron Set at 0.5 percent. ConocoPhillips Enhanced by 1.6 percent Occidental Petroleum It was set at 1.3 percent.

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Oil equipment manufacturer ChampionX Giant bought it Schlumberger In a deal worth $7.7 billion. This caused the company's shares to rise by 10.4 percent, while Schlumberger's stock, for its part, fell by 1 percent.

Norwegian shares

drilling drilling The company received a shock on the stock market on Monday when it learned that rival Shelf Drilling announced the suspension of operations on four drilling rigs in Saudi Arabia. On Tuesday, the stock recovered from some of the decline, and the stock rose 1.9 percent.

moderation Benefiting from the rise in oil prices Oslo Stock Exchange Tuesday, and increased it by more than 4 percent. In New York, the stock rose 1.6 percent.

It was John Frederiksen's red, as it was his dual charger Front line And Golden ocean They decreased by 1.3 and 1.9 percent, respectively. Things couldn't have been better for Tor Olav Tromm and his companions Cool company Which also decreased by 0.3 percent Himalaya Shipping Which decreased by 2.4 percent.

Cedrill On the other hand, it rose 1.7 percent Oceanis environmental tankers rose 0.8 percent.

Gold and cryptocurrencies

Gold award It has gone up and up so far this year. In less than one month, Finansavisen wrote two articles about the gold price peaking Highest level ever.

The price of gold peaked on Monday at $2,262.19 per gram, one new ounce Highest level ever. Already on Tuesday, this record was broken, after a 1.83 percent rise to $2,298.40 per dollar. ounce.

The price is said to have strengthened after recent figures pointed to a downward trend in US inflation, as well as increasing expectations that the US central bank, the Federal Reserve, will actually cut interest rates in June. In addition, increasing unrest in the Middle East is driving increased interest in the precious metal.

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Krypto has seen strong development since the new year, but the market was in profit protection mode on Tuesday. Bitcoin It is at 22, down 4.8 percent to $66,067. Ethereum While it decreased by 5.4 percent XRP Decreases 2.7 percent.

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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