Energy and Materials Shares Lead the Way in a Turbulent Stretch for Stocks

  • 📰 WSJ
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Investors are driving up energy and materials shares in an otherwise rocky month for stocks, betting that inflation will accompany swift economic growth

“You’ve got fever-pitch pricing in copper and iron ore, and you’ve got very strong recovery in oil,” said Jeffrey Germain, director of investments at Brandes Investment Partners.

On an April earnings call, Nucor Chief Executive Leon Topalian said the company was adding shifts at many of its steel-product facilities to meet demand. Nucor’s per-share earnings far exceeded its previous quarterly record, he said. The materials and energy sectors each represented 2.7% of the S&P 500 at the end of April, according to S&P Dow Jones Indices. The technology sector, magnified by last year’s standout performance, made up nearly 27% of the index.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Which is better, having futures market or no futures market ? And what were the purposes of futures market when they started ?

Why are you still keeping your silent about the genocide in Gaza? Why don't you announce the massacre all the world! Innocent people are dying! Their land is being stolen! HopeToGaza

People are being stripped of their right to life in Palestine. Every acceptance of cruelty gives birth to a bigger one. HopeToGaza

This looks like a wrinkle in that trade in the intermediate

The situation is not just about Islam, it is something about humanity. Choose your side! HopeToGaza

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines