World shares mixed, with sharp gains for tech stocks, while oil prices bounce back
World shares were mixed on Monday, with tech stocks surging after Friday's rally on Wall Street, while oil prices rebounded as the US launched an effort to guide ships out of the Strait of Hormuz. The S&P 500 futures were nearly unchanged, while the Dow Jones Industrial Average shed 0.3%.
Shares were mixed in Europe and Asia on Monday, with tech stocks gaining sharply after Friday's rally on Wall Street. Oil prices rebounded as the US launched an effort to guide ships out of the Strait of Hormuz. Brent crude jumped $2.23 to $110.40 a barrel, while US benchmark crude was up $1.80 at $103.73 a barrel. Germany's DAX edged 0.1% higher, while the CAC 40 in Paris declined 0.5%. In Asian trading, Hong Kong's Hang Seng jumped 1.2%, and South Korea's Kospi gained 5.1% as Samsung Electronics' shares surged 5.4%. The US Central Command said it would involve guided-missile destroyers, more than 100 aircraft, and 15,000 service members in the Middle East.
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