Wall Street: Opened (Dj + 0.5%) driven by Energy Sector (+ 1.8%) (RCO)

(Il Sole 24 Ore Radiocor Plus) – New York, May 14 – opened higher on Wall Street, in a choppy week due to inflation. At the moment, the weekly part is negative, with the Dow Jones losing 2.2%, the S&P 500 losing 2.8%, and the Nasdaq losing 2.6%. Tech stocks were particularly hard hit this week. Many analysts fear that inflation will force the Federal Reserve to raise interest rates earlier than expected, even if the central bank does not appear concerned and repeat that this is a temporary increase. The news that the pollinator will not be able to wear the mask on most occasions, outdoors and indoors, according to new recommendations of the Centers for Disease Control and Prevention (CDC), is making headlines for airlines, shipping companies, retailers and companies. Entertainment companies, most affected by the Coronavirus pandemic and those that will benefit the most from reopening activities: Carnival, for example, rose 2.5%, Boeing 1.3%, United Airlines, and Delta 2.2%.

But the news, along with the oil rebound, is pushing stocks in the energy sector above all (+ 1.8%), starting with Chevron, + 1.5% on the Dow, Occidental Petroleum and Marathon which gained close to 3% on S&P. 500. Among the titles to follow is Disney, which posted -4.8% after a disappointing number on Disney + subscribers. After the first few minutes of trading, the Dow Jones Index is up 168.46 points (+ 0.50%), the S&P 500 is up 31.38 points (+ 0.76%), and the Nasdaq Index is up 151 points (+ 1.15%). WTI crude on NYMEX rose 1.52% to $ 64.79 a barrel, recovering part of yesterday’s decline (-3.4%), after returning to service, albeit partially, for the Colonial Pipeline, the main oil pipeline to the east coast of the United States, which It’s been closed since then. Last Friday, a piracy attack.

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(RADIOCOR) 14-05-21 15:44:27 (0421) NEWS, ENE, PA, ASS 3 NNNN

Maggie Benson

"Bacon trailblazer. Certified coffee maven. Zombie lover. Tv specialist. Freelance communicator."

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