This Tuesday, the Zoom (+5.3%), Paypal (+2.4%) and Mercado Libre (+1.4%) rises lead. The losses correspond to the oil company Vista Oil & Gas (-5.8%), the steel producer US Steel (-5.5%), and the mining company Harmony Gold (-3.5%).
Justly Sectors that were driven by the war fell, such as energy with the rise in oil (which is down today), and mining due to the increase in the value of an ounce of gold as it is considered a refuge asset.
On Tuesday, gold prices fell more than 1% to a one-month low. “We are seeing a free fall in metals following a potential de-escalation of Russia, which has generated risk appetite and optimism that we could see the end of the war,” said Edward Moya, senior markets analyst at OANDA.
For its part, Brent crude fell $2.25, or 2%, to $110.23 a barrel, while US West Texas Intermediate (WTI) closed down $1.72, or 1.62% , $104.24.
“There may be reasons to be a little more optimistic than we were yesterday, but I don’t think this whole situation with Ukraine is going to go away in the next 15 minutes,” said Robert Yawger, executive director of energy futures at Mizuho.
As for the Cedears ETF, the SPY loses 0.2% and the innovation ARKK rises more than 5%. On Wall Street, the Dow Jones Industrial Average rose 0.9% to 35,259.34 units; the S&P 500 index gained 1.2% to 4,628.81 units; and the Nasdaq Composite advanced 1.9% to 14,621.95 units.
Source: Ambito
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