Mixed Results in the Stock Market
The U.S. stock market showed signs of uneven performance with the S&P 500 and the Nasdaq Composite gaining slightly, while the Dow Jones Industrial Average experienced a slight dip. This follows a recent surge in the tech sector that pushed the S&P 500 to its highest point since August of last year. Read more about today’s stock market activity here and here.
Oil Prices Waver After Saudi Arabia’s Production Cut
Following Saudi Arabia’s decision to cut oil production by a million barrels per day starting next month, oil prices are now fluctuating. WTI crude futures dropped to around $72.04 a barrel, with Brent futures falling slightly to $76.45 a barrel. Learn more about the impact on oil prices here and here.
Apple Set to Unveil New Major Product
Apple is expected to announce its first new major product line in nearly a decade, rumored to be a mixed-reality headset. Apple’s shares, however, ticked down slightly today after losing a hold of a record intraday high yesterday. Read more about Apple’s expected announcement here and here.
Sony’s Box Office Success
Sony’s latest Marvel movie, “Spider-Man: Across the Spider-Verse”, has caught millions of moviegoers in its web, racking up $120.5 million in domestic ticket sales over the weekend. This success comes as the industry is gearing up for the important summer movie season. Learn more about the movie’s box office performance here.
Escalating Tensions Near Taiwan
Tensions between the U.S. and China escalated over the weekend as Chinese and American warships got too close for comfort in the Taiwan Strait, causing concerns over potential military action from China. Read more about the incident here.