Wall Street rises following statements from Fed officials

US stock indices rose after statements by representatives of the US Federal Reserve System (FRS), recouping their initial losses, Report informs referring to Interfax.

Amid the news of the escalation of the Palestinian-Israeli conflict, securities of defense and oil companies, increased in price, including RTX Corp. (+4.6%), Lockheed Martin (+8.9%), Northrop Grumman Corp. (+11.4%), Marathon Oil (+6.6%), Occidental Petroleum (+4.5%), Chevron Corp. (+2.8%), ConocoPhillips (+5.6%) and Exxon Mobil (+3.5%).

Capitalization of Walt Disney Co. increased by 2.1%.

Citigroup Inc. securities rose in price by 0.4% after news of the sale of the Chinese business in the field of asset management for wealthy retail investors (retail wealth) to the subsidiary of the British bank HSBC Plc in China.

Shares of insurer National Western Life Group soared 16.7%.

Meanwhile, shares of airlines and cruise ship operators have lost significant value. Capitalization of Carnival Corp. decreased by 4.3%, American Airlines Group - by 4.1%, Royal Caribbean Group (formerly Royal Caribbean Cruises) - by 2.9%, Delta Air Lines - by 4.7%, United Airlines Holdings - by 4.9%.