Tech stocks fell on Wall Street, oil price rose
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Tech stocks fell on Wall Street yesterday. The Nasdaq index, where many technology companies are listed, dropped 1.4 percent. The S&P 500 fell 0.3 percent. Before the European stock market opened today, European futures were also down by around 0.3 percent.
At the same time, the oil price rose. This is important for Norway, because oil and gas make up a large part of the Norwegian economy. Shares in Borr Drilling, a company that rents out drilling rigs to the oil industry, fell on the American stock exchange yesterday.
There was also news from the crypto market. A crypto exchange was hacked, which means that someone broke into the company's computer systems. Crypto exchanges are platforms where you can buy and sell digital currencies, such as bitcoin.
In addition, new figures came from Kongsberg Maritime (KMAR) and Scatec (SCATC), two companies listed on the Oslo Stock Exchange. Investors in Norway will be watching how the market develops when the exchange opens today.
Sources: Finansavisen
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