S&P 500 flat as Tesla offsets losses in banks, energy stocks – Reuters.com
- Date: 28-Mar-2022
- Source: Reuters
- Sector:Financial Services
- Country:Gulf
S&P 500 flat as Tesla offsets losses in banks, energy stocks – Reuters.com
March 28 (Reuters) - The S&P 500 was trading largely flat on Monday as gains in Tesla were offset by declines in bank and energy shares, ahead of the first face-to-face peace talks between Ukraine and Russia in more than two weeks.
The electric-car maker (TSLA.O) jumped 5.3% after saying that it will seek investor approval to increase its number of shares to enable a stock split. read more
Oil majors Exxon (XOM.N) and Chevron (CVX.N) fell 2.8% and 1.8%, respectively, after crude prices tumbled more 7% as fears over weaker fuel demand in China grew amid a surge in COVID-19 infections.
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