Tech-Heavy: It s time for China s EV sector to show its hand; Where would Wall St be without AI? stockhead.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stockhead.com.au Daily Mail and Mail on Sunday newspapers.
russia produces 10% of the world s oil and provides eurowith 1/3 of the natural gas, close to 40%. after the invasion of ukraine, oil futures hit $1505 a barrel. the highest since 2014 when russia invaded crimea. a wild ride on wall street, a huge selloff, then coming back later in the day. the s&p 500 was down 2.5% with all of the companies in the red. it ended up finishing 63 points higher for a 1.5% gain. the swing was bigger on the tech heavy nasdaq composite, that went 3% down to close 3.3% higher. the turnaround happened after president biden announced the sanctions against russia, because those sanctions will not disrupt oil and gas markets. in fact, biden made it clear saying, quote, our sanctions package is specifically designed to allow energy payments to continue. here s charles payne of fox business on special report
Tech stocks driving equity benchmarks lower fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
as you can see, this is a mixed picture. the dow currently up by 0.3%. similar situation for the s&p 500 but the tech heavy nasdaq composite, that one teeter on the flat line when we look at the futures. pauline? nina, we ve been seeing it day after day for the past couple of weeks. believe it or not, oil and gold have hit new highs and silver s at a record as well. the price of crude has surged above $111 a barrel in electronic trade to a fresh 31-month high. it s been gaining since earlier this year. as investors react to the unrest in north africa and supply concerns in the middle east, meanwhile, gold is at a new all-time high for the third straight day. as investors increasingly turn to gold as a safe haven asset. gold is now trading up nearly $9 at more than $1,465.