Shares of ‘Exxon Mobil’ led markets higher yesterday as they hit their highest level on record after the oil company posted record profits in the first quarter of this year.
stock movements
In one week, the “Standard & Poor’s 500” index rose by 0.91%, reaching the level of 4,169.48 points.
The “Nasdaq” index also rose by 1.44% last week, reaching the level of 12226.58 points.
As for the “Dow Jones” industrial index, it rose by 0.87% in one week, reaching the level of 34,098.16 points.
During Friday’s session, the “Standard & Poor’s 500” index rose by 34.71 points, or 0.83%, while the “Nasdaq” index rose by 84.35 points, or 0, 70%.
The Dow Jones index rose 275.36 points, or 0.81%, on Friday.
Exxon Mobil’s profits in the first quarter of this year more than doubled to $11.4 billion, while revenue fell 4.3% to $86.6 billion.
The company said the first quarter included the payment of an additional $200 million due to new European energy taxes, which affected profits.
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