In today’s analysis, traders argue that gains from growth and mega-cap stocks such as Tesla, Meta Platforms and Alphabet, helped support the S&P 500. While it was highlighted energy sector that continues in the bull run.
The president of the United States, Joe Biden, announced on Tuesday the ban on imports of Russian oil. In the last hours, the British Executive of Boris Johnson also said that he will join Washington to jointly carry out the same sanction.
“We will not subsidize (Vladimir) Putin’s war,” he said. Bidenin an appearance in which he advocated continuing to increase pressure on Russia after “ the most significant economic sanctions package in history.
The president explained that the United States will increase oil production to counteract the progressive energy isolation.
“I think investors are trying to see if dips are worth buying and yesterday (Monday) we had a really big one.”Said Chuck Carlson, CEO of Horizon Investment Services and expanded: “For me, it’s a market of operators and people looking for very short-term momentum changes.”
Source: Ambito
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