Stock Report March 20, 2018

stocks and shares

The global stock market closed the day with gains in line with a drop in risk levels and a rise in oil prices after tensions in the Middle East increased concerns about an oil production disruption. Adding to this is the possibility of a production cut by OPEC. US stock indices closed in the green after overcoming the setback caused by the collapse of Facebook shares and will focus on the two-day Federal Reserve meeting, where most market participants are expecting a 25bp rate hike for the month of March. Thus, the Dow Jones industrial average rose 0.47% due to the positive performance of the industrial sector, such as the shares of the civil aerospace company Boeing Co., which rose 1.77% after the vote against the imposition of tariffs on it. The S&P 500 index also rose 0.15%, driven by the strong performance of the energy sector, which rose 0.84%.
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