Tel Aviv 35 Index Falls After Wall Street Opens Lower, Erasing Gains

What happened

1. 01Tel Aviv 35 index closed down 0.2% after Wall Street opened lower.
2. 02Insurance stocks surged, led by Clal Insurance’s 4.8% rise post-earnings.
3. 03Oil and Gas Index rose 3.54%, driven by Delek Group’s 5.58% gain.
4. 04Technology sector dropped 3.05%, with major chipmakers falling over 4%.
5. 05Renewable energy stocks also declined amid overall market weakness.
6. 06Trading volumes reached 3.9 billion shekels in stocks and 4.7 billion in bonds.

Translated and summarized by baba from Maariv, the latest report. Read Maariv’s original