US, WASHINGTON (ORDO NEWS) — The largest US stock indices on Tuesday, April 21, fell by an average of 3% and more against the backdrop of falling oil prices and the continuation of the corporate reporting season.
So, as of 23.00 UTC, the Dow Jones Industrial Average (DJIA) index fell by 2.67%, the NASDAQ index – by 3.48%, the S & P 500 – by 3.07%.
On Monday, the cost of WTI American crude oil for May delivery reached a negative value, on the New York Stock Exchange the value of May futures for WTI reached minus $ 40.32 per barrel. On Tuesday , prices for June futures for Brent and WTI grades also fell – by 23% and 29%, respectively.
As a result of the fall in oil prices, the capitalization of American energy companies is primarily losing. So, Exxon Mobil shares fell in price during trading by 3.2%, Chevron – by 4.2%, ConocoPhillips – by 4.3%. However, at the close, they somewhat won back their fall.
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