S & P is getting closer to the rise in energy stocks; Boeing takes a series of setbacks by Investing.com

Investing.com – The S & P 500 index closed higher on Wednesday, due to rising technology and energy stocks.

The increase of 0.58%. The gain of 0.69%, while the addition of 0.69%.

Energy stocks propelled the market as a whole upward, as oil prices rebounded on data showing domestic crude inventories. This somewhat eased fears of an overabundance of global supplies.

Technology stocks were also in favor as traders continued to acquire shares in FAANG. Facebook (NASDAQ :), Amazon.com (NASDAQ :), Apple (NASDAQ :), Netflix (NASDAQ 🙂 and Alphabet (NASDAQ 🙂 ended the day up.

But equities have lost momentum when President Donald Trump downplayed expectations that a trade deal between the US and China would be announced sooner rather than later.

Trump told the press at the White House that he was "in no hurry" to reach an agreement with China.

"It must be the right agreement," he said. "It must be a good deal for us, and if it does not, we will not do it."

Meanwhile, Boeing (NYSE 🙂 showed volatility throughout the day, but ended up closing higher, breaking with his 7-day losing streak as Trump ordered the grounding of the 737 MAX 8 and 9. The President's decision was made in the wake of Canada's announcement of the closure of its airspace at 737 Max, based on data received today.

In other news about the companies, the Roku video production company (ROKU) fell 14% after Wall Street became bearish on the stock, amid concerns over growing competition from the market. leading media companies like Walt. Disney (NYSE 🙂 and AT & T (NYSE :).

Macquarie downgraded the Roku stock to a neutral point in the face of fears over a foam valuation at a time when competition for video – on – demand video – on – demand is intensifying.

Cannabis grower Aurora Cannabis (NYSE 🙂 rallied after hiring Nelson Peltz of Trian as a strategic advisor to strengthen his marketing strategy. And Oaktree Capital (NYSE 🙂 jumped 12.3% after Brookfield Asset Management acquired a 62% stake in the company.

Economically, traders have digested mixed economic data. Durable goods orders exceeded expectations, but producer price inflation missed economists' forecasts.

In geopolitical news, British lawmakers voted by 3 votes to 3,278 to refuse to leave the EU without a withdrawal agreement. This sets up another vote Thursday on the opportunity to delay Brexit.

Main winners and losers of the S & P 500 today:

Take-Two Interactive (NASDAQ :), DaVita HealthCare (NYSE 🙂 and Nektar Therapeutic (NASDAQ 🙂 were among the top winners of the S & P 500 for the session.

Discovery (NASDAQ :), Viacom (NASDAQ 🙂 and Martin Marietta Materials (NYSE 🙂 were among the worst in the S & P 500 session.