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Express News | Petrochina signed procurement agreements with partners such as Saudi Aramco, with a total contract value exceeding $17.3 billion.
Trump's victory sparked a frenzy of rotation in US stocks: bank stocks soared, stock indices rose by more than 10%, energy stocks surged, and photovoltaic stocks collapsed.
Benefiting from expectations of relaxed financial regulation, major US banks such as Goldman Sachs, JPMorgan, and Morgan Stanley all rose by more than 10%; renewable energy stocks plummeted, with solar energy stocks like Sunrun falling by at least 10%; Bitcoin hitting a record high drove up the overall crypto concept stocks, with the largest US crypto exchange Coinbase closing up by 31%.
Shares of Oil and Gas Companies Are Trading Higher After Donald Trump Wins the 2024 Presidential Election.
These Energy Stocks Are Surging the Most on the Trump Victory
U.S. energy stocks are all rising, with analysis pointing to a refocus on increasing oil & gas production in U.S. energy policy.
Gelonghui November 6th | Oil & gas stocks generally rose, Halliburton rose more than 4.5%, Schlumberger rose more than 3.5%, Chevron rose more than 2.7%, Exxon Mobil rose more than 1%. On the news front, market analyst Richard Valdmanis pointed out that after Trump returned to the White House, the United States' energy policy will refocus on maximizing oil and gas production, rather than addressing climate change. However, a Republican victory is unlikely to significantly slow down the vigorous development of renewable energy in the USA. (Gelonghui)
Is Trending Stock Schlumberger Limited (SLB) a Buy Now?