Geopolitics Alpha

Wall St opens lower as AI jitters return, oil rises

Published . Updated .

Covered by 3 outlets: KSL News, Reuters, Central Oregon Daily.

Who covered it: Center 1 · Not rated 2. How we rate outlets

Wall St opens lower as AI jitters return, oil rises

Wall Street's ​main indexes opened lower on Thursday as ‌growth stocks came under ⁠renewed pressure ​after earnings ⁠from mega-caps ‌Tesla and ‌Meta did little to ⁠dispel ⁠doubts about AI outlook, while a rebound in oil prices added to market jitters.

Directly affected

  • TSLA Tesla+7.7%

    Named in this report.

Indirectly affected

  • XOM Exxon Mobil+7.9%

    Oil producers earn more when crude prices rise

  • CVX Chevron+6.6%

    Oil producers earn more when crude prices rise

  • OXY Occidental Petroleum+1.5%

    Oil producers earn more when crude prices rise

  • COP ConocoPhillips+7.3%

    Oil producers earn more when crude prices rise

  • VLO Valero+14.1%

    Refiners' profits move with crude and fuel prices

  • MPC Marathon Petroleum+10.2%

    Refiners' profits move with crude and fuel prices

  • XOP SPDR S&P Oil & Gas Exploration+2.9%

    A fund of oil and gas producers

  • XLE Energy Select Sector SPDR+4.9%

    A fund of energy companies

  • USO United States Oil Fund+0.9%

    This fund moves with oil prices

  • OIH VanEck Oil Services

    Oilfield services rise when drilling follows oil prices

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TSLA———————
XOM———————
CVX———————
OXY———————
COP———————
VLO———————
MPC———————
XOP———————
XLE———————
USO———————
OIH———————

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Wall St opens lower as AI jitters return, oil rises KSL News

Source: KSL News

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid the energy case looks

38 out of 100

“Wall St opens lower as AI jitters return, oil rises” scores 38 out of 100. The score uses 3 sources.