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Wall Street was supported by higher oil prices today

Wall Street was supported by higher oil prices today. The Dow Jones rose in New York by 0.68 percent to 34,814 points.

Wall Street was supported by higher oil prices today
Yazar: Tom Roberts

Yayınlanma: 16 Eylül 2021 05:15

Güncellenme: 6 Kasım 2024 07:40

Wall Street was supported by higher oil prices today

Wall Street was supported by higher oil prices today. The Dow Jones index of standard values rose in New York by 0.68 percent to 34,814 points. The broader S&P 500 gained 0.85 percent to 4480 meters. The Nasdaq technology exchange index advanced 0.78 percent to 15,503 points. In the early days of trading, worries about the economy had slowed the US stock exchanges. In particular, the slower production growth in China initially unsettled investors. Oil prices benefited from an unexpectedly strong depletion in US crude oil stocks and hopes of increasing demand as the vaccination progress against Covid-19. The price for US light oil WTI rose by 2.22 percent to 72.35 dollars per barrel and that for the North Sea Brent by 2.15 percent to 75.47 dollars per barrel. The usual euphoria for new products at Apple did not appear on the stock exchanges after the launch of the new iPhone 13. Apple stocks rose just 0.6 percent on Wall Street. "The upgrades were minimal," said analyst Michael Hewson of trading house CMC Markets. One wonders if the lack of innovation is due to concerns about sourcing large quantities of new chipsets. In addition, investors waited in vain for a revised version of the wireless headphones. A $ 2.24 billion purchase offer from Goldman Sachs, on the other hand, spurred the papers on the GreenSky credit platform. The titles shot up more than 53 percent to $ 11.90. The air taxi startup Lilium made a weak debut on the stock market. Lilium's initial price was $ 9 - the closing price was $ 9.31. Lilium spoke on Twitter of a milestone that will move the company forward on the way to starting operations in 2024. The company from Oberpfaffenhofen slipped into the empty shell Qell Acquisition and found its way to the US stock exchange through the back door. However, two thirds of the Qell shareholders had previously returned their papers. The source share was quoted the day before at $ 10.03.
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