Amman: Major US stock indices fluctuated on Monday, while US crude oil, West Texas Intermediate, rose by more than $4 to reach $104.03 per barrel. Although the Dow Jones Industrial Average edged up by 50 points to 45,216 points, the Nasdaq index declined again by about 153 points to 20,794 points. The SandP 500 index also fell by around 25 points to 6,343 points.
According to Jordan News Agency, the rise in oil prices comes amidst ongoing global economic concerns, potentially impacting various sectors and influencing investor sentiment. The energy sector showed signs of strength due to the spike in crude prices, while technology stocks remained under pressure, contributing to the decline in the Nasdaq index. The fluctuating indices indicate varying investor confidence across different sectors in response to the surge in oil prices.