Sector movers: Aerospace, Big Oil pace gains
By Alexander Bueso
Date: Tuesday 19 Mar 2024
(Sharecast News) - Aerospace names helped to buoy the stock market on Tuesday with shares of BAE Systems and Rolls-Royce both notching up fresh record highs.
There was also strength to be seen in the oil patch as crude oil futures advanced for a fifth consecutive session after recent Ukrainian attacks on Russian refineries.
Amid market chatter regarding tighter supplies, the U.S. Department of Energy was scheduled to release its latest weekly inventory figures during the following session.
The Personal care space meanwhile got a boost from news that Unilever would spin off its ice cream division by the end of 2025.
Unilever management also announced a restructuring initiative involving job cuts totaling 7,500 across global operations.
Top performing sectors so far today
Industrial Transportation 3,870.52 +1.90%
Aerospace and Defence 10,588.02 +1.89%
Oil, Gas and Coal 8,797.74 +1.20%
Personal Care, Drug and Grocery Stores 3,830.32 +0.86%
General Industrials 6,745.27 +0.74%
Bottom performing sectors so far today
Personal Goods 17,334.68 -2.05%
Medical Equipment and Services 10,929.72 -1.92%
Precious Metals and Mining 8,615.42 -1.47%
Household Goods & Home Construction 12,811.84 -1.41%
Beverages 22,376.17 -1.37%
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