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S & P 500 ends higher, driven by a surge in energy stocks from Investing.com




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Investing.com – The S & P 500 closed higher on Monday as gains in Boeing and Facebook shares and shares offset the decline in Boeing and Facebook shares.

The increase of 0.25% increased by 0.38% and the increase by 0.34%.

Wall Street had led to a modest winners' start this week, fueled by rising energy stocks as oil prices rose 1% after Saudi Arabia said oil supply could potentially extend beyond June into the second half of 201

9 must be reduced. Rising consumer stocks increased profits in the broader market, led by Amazon.com (NASDAQ :), as the planned second headquarters of the e-commerce giant in northern Virginia received the approval of local authorities. An increase in Caesars Entertainment's stock (NASDAQ 🙂 also boosted consumer discretion after the casino operator was at an early stage of exploring a merger with Eldorado Resorts (NASDAQ).

The communications services sector was an exception to generally buoyant sentiment when Facebook (NASDAQ 🙂 fell 3.3% after a Needham downgrade.

Needham lowered his assessment of the social media giants of Buy to remain worried about the financial impact of the company's privileges on privacy and encrypted messages. Worries about growing regulatory risks weighed on the stock. Concern: Greater regulation could hamper the company's ability to monetize its data.

The social media giant rebounded 22% this year after hamming in 2018, but remains 27% below its 52-week high.

Boeing (NYSE 🙂 reduced some of the early losses and eased downward pressure on the industry, but the aerospace corporation still finished the day 1.8% lower than the French accident investigator BEA the Ethiopian Airlines flight data recorder 737 Max said Black Box showed "clear similarities" between the fatal crash on 10 March and a previous crash of the Boeing 737 Max in October.

The French Accident Investigator's report arrived one day after the Wall Street Journal reported that the prosecutor and the US Federal Department of Transportation were investigating the approval process for Boeing's 737 Max aircraft.

Meanwhile, Tech was pushed higher by Apple (NASDAQ) after the company launched a new 10.5-inch iPad Air and iPad Mini with pencil holder. Both iPads are expected to be available next week.

In other corporate news, the US fintech group Fidelity National Information Services (NYSE) agreed to buy the Worldpay (NYSE) payment processor for approximately $ 35 billion. Worldpay was up 10%, while Fidel's national information services fell 0.70%.

From a geopolitical point of view, British Prime Minister Theresa May had hoped for a third vote on her Brexit withdrawal deal after a statement by MP John Bercow It was unlikely that he would allow a third "meaningful vote" in the coming days, if the EU does not agree to any further changes.

Top S & P 500 Gainers and Losers Today:

Edwards Lifesciences (NYSE :), National Oilwell Varco (NYSE 🙂 and Advance Auto Parts (NYSE 🙂 belonged to the top winners of the S & P 500 for the session.

Boston Scientific (NYSE :), Becton Dickinson (NYSE :), and Facebook (NASDAQ 🙂 was among the session's worst S & P 500 cast members.

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