Wall Street faller etter renteoppgang og høyere oljepris

The American stock markets experienced a decline during early trading on Tuesday after reaching all-time highs on Monday. Tech giants such as Nvidia, Google, Microsoft, and Facebook opened lower. Selected index values at 15:53 were mixed, with oil prices nearing $102 a barrel. Analyst Angeline Ong from British IG noted the ongoing concerns related to the situation in the Middle East.

She stressed that there is no clarity about the end of tunnel, citing the surge in oil prices as a cause for worry over higher inflation and thus more interest rate hikes. The 10-year US government bond rate rose to its highest since April 2002 at 5.35 percent, according to CNBC. This contributed to jittery markets worldwide. European markets, including Oslo, were mostly in the red in the afternoon hours.

Later in the day, the final rate meeting report from the US revealed that the rate was lifted for the first time since 2023 to the range of 3.75-4.00 percent. Elon Musk's SpaceX was also among the stocks that fell on Wednesday. This followed rumors that Musk was seeking to raise $40 billion to buy AI chips from Nvidia. SpaceX's share price dropped 1.7 percent to $169, resulting in a company valuation of $2.14 trillion.

The company's share has swung significantly since its IPO in the summer when the entry price was $135. Musk's other earthbound company, Tesla, fell 0.7 percent.