Cedears: oil companies grew more than 9% due to the new rise in crude oil

Cedears: oil companies grew more than 9% due to the new rise in crude oil

A barrel of North Sea Brent for May delivery closed up 5.29% at $121.60. On the other hand, in New York, the barrel of West Texas Intermediate (WTI), for May, rose 5.17%, ending at US$114.93. US commercial crude oil stocks fell much more than expected last week, fueling the rise again.

On the other hand, the greatest decreases among the most traded papers corresponded to Nvidia (-2.9%), Paypal (-2%), and Pfizer (-1.4%). As for the companies with the largest market capitalization, Apple rose 1.5%, Mercado Libre grew 0.4% and Tesla rose 1%.

Lastly, among the Cedears ETF, the one that rose the most was the Energy XLE (+2.2%) and the lowest was the ARKK of innovation (-1.6%).

This event was also highlighted the sharp drop in Adobe Inc papers, which lost more than 9% on the local stock market, after the Photoshop maker on Tuesday forecast lower second-quarter revenue and profit than the market expected.

This day, they operated $2,743 million in Cedearswhich implied 58% of the total volume in equities.

On Wall Street, the three main indices closed in negative territory again. The Dow Jones fell 1.29% to 34,358.43 points after five of six sessions higher. The Nasdaq index, mainly technology, fell 1.3% to 13,922.60 points and the S&P 500 fell 1.2% to 4,456.20 points.

Technology, consumer and financial paper stocks were the hardest hit sectors.

Source: Ambito

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