STOCKS | U.S. Stock Indices Show Mixed Performance Amid Oil Reserve Release

The International Energy Agency (IEA) member countries have agreed to release 400 million barrels of oil reserves. According to RTHK, this decision led to varied movements in the three major U.S. stock indices. The Dow Jones Industrial Average experienced a decline, dropping over 410 points at one point, and was recently reported at 47,550 points, down 155 points or 0.33%. In contrast, the Nasdaq Composite Index rose by 72 points, reaching 22,769 points, marking an increase of 0.32%. The S&P 500 Index also saw a slight rise, gaining 8 points to stand at 6,789 points, an increase of 0.12%. Oil stocks showed an upward trend, with Chevron rising by over 1% and ExxonMobil increasing by approximately 2%.