Trading on Wall Street was modestly mixed ahead of the opening bell Thursday while crude prices jumped more than 5% after U.S. President Donald Trump announced…
Trading on Wall Street was modestly mixed ahead of the opening bell Thursday while crude prices jumped more than 5% after U.S. President Donald Trump announced sanctions on Russian oil giants.
Futures for the S&P 500 and Nasdaq were each up less than 0.1%, while futures for the Dow Jones industrials inched down about 0.1%.
The sanctions against Rosneft and Lukoil are intended to drive Russian President Vladimir Putin to the negotiating table and help end Moscow’s brutal war on Ukraine.
Meanwhile, European Union leaders were holding a summit Thursday, aiming to greenlight still more sanctions against Russia and press ahead with plans to use Moscow’s assets that are frozen in Europe to fund Ukraine’s war effort and economy for at least the next two years.
U.S. benchmark crude oil gained $3.13 to $61.63 per barrel. Brent crude, the international standard, rose $3.13 to $65.72 per barrel.
Tesla slid 3.2% after the electric car maker run by Elon Musk reported that its third-quarter earnings plunged 37% from a year ago, marking the fourth quarter in a row that profit declined.
