New york: The tech-heavy US Nasdaq index rose 220 points on Monday, closing at 25,929 points. Conversely, the Dow Jones Industrial Average dropped 80 points to close at 50,786 points, while the S and P 500 index ticked up by approximately 22 points to settle at 7,405 points.
According to Jordan News Agency, while technology stocks saw a significant uptick, blue-chip stocks experienced a decline, reflected in the drop of the Dow Jones Industrial Average. This shift indicates a divergence in market trends where tech stocks are gaining investor confidence amidst a backdrop of fluctuating market conditions.
Meanwhile, West Texas Intermediate (WTI) crude oil stabilized, holding at $91.23 per barrel. This stability in oil prices suggests a balance in supply and demand dynamics, providing a steady outlook for the energy sector.