Wall Street’s key stock indexes opened Friday with a decline. After five Finnish time, the S&P 500 was down 1.3 percent, the Dow Jones was down 0.8 percent, and the technology-focused Nasdaq 100 index was down 1.9 percent.
Almost all Wall Street tech stocks were down.
Semiconductor manufacturer and winged the rise of the S&P 500 index this year Nvidia was down by a good three percent, Advanced Micro Devices in a decrease of 1.7 percent and Applied Materials 1.3 percent down.
A data mining company that also benefited from the artificial intelligence drug Palantir Technologies was down 4.7 percent.
Microsoft and Meta were both down about two percent, Apple 1.5 percent down. Electric car manufacturer Tesla was down almost five percent.
Most of the sectors in the S&P 500 index were in the red, with the exception of energy and materials.
U.S. energy companies were broadly up, though not very strongly. At the time of review ExxonMobil was up 0.8 percent, Chevron up 0.6 percent and ConocoPhillips up 0.7 percent.
Energy companies also rose on European stock exchanges on Friday. The sentiment related to oil and gas producers in particular can be boosted by many factors at the moment.
Future President of the United States Donald Trump has made it clear that he seeks to invest in American oil and gas production, and has, among other things, threatened to use the purchase of oil and gas as a Threshold issue when negotiating tariffs with the European Union.
At the same time, there are small signs of optimism in the market regarding the recovery of the Chinese economy, when, for example, the World Bank raised its forecasts for China’s economic growth this year and next. If the Chinese economy starts to recover, the demand for oil will also improve. However, there are no clear signs of this yet.
In the big picture, the end of enthusiasm for clean energy production is now also visible in the decisions of many European energy companies to loosen their previously set goals or cancel their plans related to green energy production. Toward the end of the year, there has been news about these, among other things Reuters.
Source: www.arvopaperi.fi
