Some of Wednesday's midday movers:» Read More
Buying in technology and financial stocks pushed stocks higher, outweighing declines in the energy sector.
Venezuelan stocks plunged after President Hugo Chavez announces plans to nationalize some telecommunications and power generation utilities
Stocks in the U.S. are positioned to move higher on the opening after yesterday's afternoon turnaround. European stock markets are higher, and Asia turned in a mixed performance. Today kicks off the fourth quarter earnings season with the release of Dow component Alcoa's earnings after the bell. OIL DIP: Oil is weaker again this morning and heading close to the $55 technical level traders are watching.
Stocks closed higher after another volatile day as gains in technology stocks and a huge drop in oil prices boosted the major averages.
ConocoPhillips said fourth-quarter production was lower than expected, and refining and marketing margins fell significantly from the third quarter.
Shares of energy companies tumbled Wednesday as unseasonably warm winter weather pushed oil prices down more than 4.5%.
As we've said--OPEC meets tomorrow (threatening production cuts) and U.S. gas inventories are out (down)--as we've been focusing on the global energy picture. But what does it mean for your stock portfolio? Here are some picks from two energy stock analysts on "Morning Call." Jacques Rousseau is an analyst with FBR. He says it all about being selective right now. James Wicklund is Energy Equity Analyst with Banc of America Securities....
Gazprom has declared it wants to be the world leader in liquefied natural gas. Vice Chairman Alexander Medvedev was on "Morning Call" today to talk about it. Gazprom is already the world’s largest gas company – controlling a quarter of the world’s reserves.