Wall Street ends up despite the shock wave of the war around Gaza







Photo credit © Reuters

PARIS (Reuters) – The New York Stock Exchange ended higher on Monday, supported in particular by the energy sector which is benefiting from the repercussions of the rise in oil prices caused by the new conflict in Israel and the Gaza Strip .

The Dow Jones index gained 0.59%, or 197.07 points, to 33,604.65 points. The broader Standard & Poor’s 500 gained 27.16 points, or 0.63% to 4,335.66 points. The Nasdaq Composite advanced 52.90 points (0.39%) to 13,484.239.

In terms of values, oil tankers and defense-related companies have benefited from the economic situation, unlike the airline sector which is bearing the brunt of the surge in crude oil prices.

On the oil market, WTI stood at $86.28 (+4.22%) and Brent at $88.06 (+4.13%).

The dollar rose 0.01% against a basket of currencies a few minutes after Wall Street closed, while the euro stood at 1.0567 dollars (-0.18%).











Reuters

©2023 Thomson Reuters, all rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. “Reuters” and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.



Source link -87