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U.S. stock indexes were mixed on Monday, as rising oil prices fueled concerns about further interest rate hikes by the Federal Reserve to curb inflation, while a jump in energy company shares helped curb inflation. the losses.
Saudi Arabia and other OPEC+ oil producers announced new production cuts of around 1.16 million barrels per day, threatening an immediate rise in prices.
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This comes just days after cooling inflation raised expectations that the Fed could soon end its aggressive monetary tightening.
Technology and growth stocks such as Amazon.com, Microsoft and Alphabet fell between 0.8% and 1.2%, pressured by higher Treasury yields.
This, along with a 3% drop in Tesla. After recording modest growth in quarterly sales, the information technology, consumer discretionary and communications services sectors posted the biggest losses in the S&P 500.
However, gains of 4.5% by Chevron Corp and 2.7% by UnitedHealth Group Inc helped the Dow Jones outperform the other indices.
At 11:08 (Brasília time), the Dow Jones index rose 0.98%, to 33,599.93 points, while the S&P 500 gained 0.30%, to 4,121.51 points. The Nasdaq Composite technology index fell 0.31%, to 12,183.65 points.
Source: Ankika Biswas and Amruta Khandekar | Notícias Agrícolas
