The energy sector jumps in US indices after the decision to cut production … and Tesla loses $ 40 billion in one day
US indices closed mixed in the first sessions of the second quarter, after the S&P 500 Dow rose, supported by energy stocks, while technology stocks pressured the Nasdaq Composite Index.
Energy stocks rose after several countries in OPEC + announced unexpected production cuts that could push oil prices towards $100 a barrel.
Shares of Chevron Corp., Exxon Mobil and Occidental Petroleum jumped strongly.
At the same time, the prospect of higher oil costs added to inflation fears after Wall Street breathed a sigh of relief as data showing weak manufacturing activity in March raised expectations that the Fed may soon end its tightening policy.
Dow Jones:
The Dow Jones index rose by 1%, or the equivalent of 327 points, to close above 33,600 points for the first time in 6 weeks.
And the energy index topped the list of the sectors that rose the most in the Dow Jones, after jumping by more than 4%, followed by the health sector, with an increase of 2.8%.
