The Ibex falls by 2.1% and loses the 19,000 points due to the rise in oil and technological doubts

The Ibex index fell by 2.12%, driven by rising oil prices and disappointing tech earnings, particularly from Meta. European markets also declined, with significant losses across major indices. Oil prices surged due to geopolitical tensions and supply issues, with Brent crude reaching $111 per barrel. Shipping costs for oil have skyrocketed, impacting overall supply costs. The tech sector faced challenges as major companies reported underwhelming results, contributing to market volatility. Investors are shifting strategies ahead of the U.S. midterm elections, with a rotation towards more stable sectors like energy and healthcare.