The three major indices of the U.S. New York stock market are mixed as of the 28th (local time). The Dow Jones Industrial Average is recording a drop of 0.08% to 44,864.03. The Nasdaq is up 0.35% to 21,182.33, while the S&P 500 is up 0.13% to 6,397.05.
The Nasdaq and S&P 500 indices reached all-time highs in the early trading session. Big tech companies like Microsoft, Meta, Amazon, and Apple are due to announce earnings this week.
Energy-related stocks are rising. Investors are optimistic as the United States and the European Union (EU) have agreed on a large trade agreement that includes U.S. energy. Venture Global is up 6%, Cheniere Energy is up 3%, and NextDecade is up 2%. Cloud computing company PagerDuty is up 6% amid speculation of a potential sale.
The Federal Reserve (Fed) is set to hold a Federal Open Market Committee (FOMC) meeting in July. The market expects the Fed to keep the key interest rate unchanged at 4.25-4.50%. However, attention is on whether it will mention the possibility of lowering rates at the September meeting.
International oil prices are also rising. West Texas Intermediate (WTI) crude oil is trading at $66.72 per barrel, up 2.39% from the previous session. Brent crude is trading at $70.01 per barrel, up 2.29%.