Stock market news today: Tech stocks hurt as oil prices jump

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Brasil Notícia Notícia

US stocks trade mixed as oil surges on unexpected production cut by OPEC+

"The primary reason for [OPEC+'s] move was the worry that the financial crisis that began when SVB collapsed would cause a large chain reaction that would significantly slow down the global economy," Naeem Aslam, chief investment officer at Zaye Capital Markets, wrote in a note.

"Oil countries will continue to beat the drums of more oil supply cutbacks if oil prices fall below $70," but oil prices are unlikely push pat $100 per barrel until another so-called Black Swan event occurs, he said.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 729. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stock Market Today: Dow up 300 points as energy shares jump after OPEC+ oil production cutsMarketWatch Live: Dow up 300 points as OPEC+ quota cut ignites energy shares This is great news! Oil prices will likely come down, which will benefit consumers in the long run.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »