Mixed closing on Wall Street: oil lost height, Intel fell by almost 8%

Wall Street indices closed with mixed results: the Dow Jones index rose by 0.5%, the S&P 500 index rose by less than 0.1%, and the Nasdaq index fell by 0.6%. Brent crude oil fell by 3.1% to $97.6 per barrel, while WTI crude oil lost 2.4% of its value to $90. Background: a Reuters report stating that Pakistan is considering a new framework that could lead to the resumption of contacts between the USA and Iran with the push of China. Navios plummeted by 13.3%. IBM jumped by 3.6% and Salesforce by 4.2%. Notable in trading: Intel fell by 7.9%, Oracle lost 4.3%, Micron reduced its value by 7.3%. Apple rose by 3.6%.

Airlines on the rise

The sharp drop in oil prices is providing a tailwind for airline stocks, which are among the main beneficiaries of lower fuel costs. The U.S. Global Jets ETF, which concentrates stocks of airline companies, is surging by about 3.9%, after losing 2.6% the day before and closing at a six-week low, when the price of a barrel of Brent crude oil crossed the $100 mark. Among the notable stocks, there were increases of more than 8% in SkyWest, an increase of about 6% in American Airlines, and an increase of about 4% in Delta Air Lines.

Europe and Asia

The leading indices in Europe closed with price increases: the pan-European benchmark index Stoxx 600 rose by 0.8%, the CAC index in France rose by 0.9%, the German DAX jumped by 1.3%, while the FTSE in the UK added 0.9% to its value. Notable in trading: SAP shares surged in Frankfurt by 9.3% after the reports, in Paris Carrefour shares fell by 4.9%, and Dassault surged by 7.9%. In the UK, 3i shares jumped by 3.1%.

Trading on the stock exchanges in Asia took place with price declines. In Tokyo, the Nikkei index fell by 3.1%, Hang Seng in Hong Kong lost 1.3%, the stock exchange in Shanghai lost 1.2%, and KOSPI in Korea fell by 6%.