The tech market is taking its revenge after a few tumultuous sessions which saw the price of the stocks going down. Ended in red almost all, the only exceptions made for Microsoft and Meta, respectively up 0.15% and 0.71%: Amazon (-1.99%), Snap (-5.37%), and Netflix (-0.60%), AMD (-0.93%), Google (-1.48%), Paypal (-1.50%) and Twitter -8.18%.
The smart mobility sector saw Lyft (-4.30%) and Uber Technologies (-3.28%) in the red again. This comes as no surprise as the industry is struggling to keep up with changing technologies and regulations. Nevertheless, both companies continue to profit off of their customers.
The energy sector bounced back today, after a tough few weeks. Investors are feeling cautiously optimistic about the future of the industry.
The rally was led by oil and gas stocks, which have been under pressure recently. However, renewables also had a good day, with solar and wind stocks both climbing.
It’s clear that there’s still plenty of interest in the energy sector, despite recent challenges. And with worldwide demand for energy only set to increase, it looks like there could be bright days ahead for the industry. Among the major gainers: BP reported a +1.74%, Baker Hughes (+2.40%), APA(+3.06%), Devon Energy Corporation (+3.33%) Schlumberger NV (+3.44%), Halliburton (+4.07%).
The financial sector lost points during the last market session. This resulted in a loss of value for many major companies. For example, bank stocks took a hit.
Signature Bank and Citigroup again in red after the positive results experienced last friday, respectively a -7.09% and -0.38%. All the others followed: Visa (-0..71%) and American Express (-1.46%), JPMorgan Chase (-0.70%), and Morgan Stanley (-0.79%), Goldman Sachs -1.16%.
The air-travel companies as well performed negatively: Boeing lost around -2.48%, United Airlines stock the only one in green (+0.62%), Alaska Air Group (-1.19%), and American Airlines (-0.18%).