These really are the lowest prices crude oil has seen since George W. Bush's first term in office. Crude closed at its lowest settlement since May 2003 on Wednesday and the shock of another selloff was more than enough to rattle equities again. In fact, it was a day of reversals, ...
Exxon Mobil dropped 3%, and energy stocks fell to some of Wall Street’s sharpest losses after oil prices tumbled more than 4%. A barrel of Brent crude, the international standard, has fallen back below $75 from more than $80 last week. Crude prices have...
Oil prices have rallied this year, booking three consecutive months of gains with U.S. crude adding nearly 21% while Brent is up 7.7%. The rally has been driven by mounting geopolitical tensions and a tightening global crude market. — Spencer Kimball Thu, Apr 4 2024 3:54 PM EDT Analysts...
In the mean time, the market has been rallying. But even though theS&P 500hit another all-time high on Friday, Suttmeler said the broader market is showing "pesky bearish divergences," with only 34% of NYSE stocks rising on the day. This kind of market breadth is a risk for market ...
Stock Market Today: Worries About the Economy Hit Wall Street, and the Dow Drops Nearly 500 Points More Peter Morgan People pass the New York Stock Exchange on Wednesday, July 31, 2024 in New York. Global stocks have advanced and oil prices jumped more than $2 a barre...
Meanwhile, Arbitrum (ARB) emerged among today’s top gainers after a 17% climb on its 24-hour chart. ARB’s performance reflected the prevailing broad market optimism. However, Arbitrum’s X post about potential artificial intelligence integration… November 25, 2024 UBS initiates coverage on ...
“At the same time, inflation is still too high and the labor market is still too tight for the Fed to consider cutting rates soon.” Strong consumer spending and a solid jobs market have provided a bulwark to the broader economy, where growth has slowed but has so far avoided stalling....
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While a bearish crude market has weighed on the industry generally, the two oil majors are digesting blockbuster deals as crude prices have fallen. Chevron’s stock has tumbled more than 5% since it agreed to buyHessfor $53 billion in late October. Exxon shares have fallen more than 4% sin...
He mentioned that Evercore has added small-cap stocks to its portfolio today as a defensive play in the current market. "Small caps actually have a larger-than-normal weighting towards the more defensive sectors, including healthcare and energy — which we think makes a lot of sense right ...