Shares of energy companies rose sharply amid signs of strong demand for gasoline.
Exxon Mobil shares fell after the oil major warned late Monday that its second-quarter profit may take a hit of more than $1 billion from lower crude prices, and just under $1 billion from lower natural-gas prices.
That may have been less of a hit than anticipated, as Exxon shares rose by almost 3%. Shares of Exxon rival Chevron rose by 4%.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
07-08-25 1743ET
