Wall Street is higher with low oil prices and the US decline in manufacturing

New York (AP) – US stock indicators are closer to their records on Monday, and they start MayWhich was the best month in Wall Street since 2023.

The S&P 500 increased by 0.4 % after erasing the early loss of the morning. Dow Jones Industrial MALED added 35 points, or 0.1 %, and the Nasdaq compound increased by 0.7 %.

Indexes decreased from nearly 1 % in the morning after some encouraging updates on American manufacturing. President Donald Trump It has been warned that American companies and families may feel some pain because it tries to use the customs tariff to restore more manufacturing functions to the country, and Startup Create a lot of uncertainty.

But the stocks rose with progress today, and the gains of some of the arrows affecting the S& P 500 index helped despite the decrease in the number of shares within Rose. NVIDIA increased by 1.7 %, and identification platforms increased by 3.6 %, for example.

It was some of the most powerful work on Monday in the oil market, as the price of crude was launched by more than 3 %. The two countries in the OPEC+ alliance decided to increase their production again, a step that often pays rough prices because they put more in the market, but analysts said that investors expect this widely.

Last weekend holiday AttacksMeanwhile, it helped increase uncertainty about the flow of oil and gas around the world.

The market movements also came on Monday after crossing the most cruel speech among the largest economists in the world, after only a few weeks The United States and China agreed to stop Many of the definitions that threatened to withdraw the economy to stagnation.

China criticized the United States For the moves that said the interests of China, including issuing the advice to monitor the export of artificial intelligence chips, stop selling chips design programs to China and planning to cancel the Chinese student visas.

“These practices are seriously violating the consensus” that was reached during employment discussions in Geneva last month, “the Ministry of Commerce said in a statement. after that President Donald Trump The accusation at the end of last week, where he said that China does not rise to the end of the agreement, which stopped tariffs against each other.

The hopes of low definitions due to possible commercial deals between Trump and other countries were the main reasons The Great Wall Street gathered last monthWhich has restored the S&P 500 to 3.8 % of its highest level ever. The index decreased Almost 20 % below The brand in April.

But Trump on Friday Pennsylvania told steel workers It doubles A tariff on steel imports To 50 % to protect their industry, a huge increase that can increase the high prices of metal used to make housing, cars and other commodities. That shares helped from American steel makers climb. Nucor jumped by 10.1 %, steel dynamics increased by 10.3 %.