Take a look at some of Friday's midday movers:» Read More
Falling oil prices have always been somewhat of a double-edged sword. But some say the negatives to the economy are taking on added concerns.
NEW YORK, Nov 4- U.S. stock index futures pointed to a lower open on Tuesday, with investors taking a pause following a rally that has taken major indexes to repeated records, although a sharp decline in crude oil prices could weigh on energy shares. Energy companies will be in focus as U.S. crude futures slumped 2.3 percent to $76.87 per barrel after top oil exporter...
Stocks rose Monday, after October gains left the Dow Jones Industrial Average and S&P 500 at records.
Although pros expect November to be volatile, they're also looking for the rally to advance further. But not all sectors are buys.
Oct 31- A surge in refining profits boosted quarterly results for Exxon Mobil Corp and Chevron Corp, helping to offset lower oil and gas output and slumping crude oil prices. "Exxon Mobil's quarterly results demonstrate the strength of our integrated business model," Chief Executive Officer Rex Tillerson said in a statement after his company posted results.
Some of Thursday's midday movers:
Chevron reported its profit rose as lower oil prices boosted its refinery operations, helping to offset sagging results in its oil and gas production.
Japan's Government Pension Investment Fund announced it will put half its assets in stocks and cut its holdings of government bonds, boosting global markets.
Both Chevron and Exxon have beat on earnings, but are lowering production. Pavel Molchanov, Raymond James energy analyst, discusses whether these stocks are oversold.
Oct 31- A surge in refining profits boosted quarterly results at Exxon Mobil Corp and Chevron Corp, helping to offset declining oil and gas production and falling crude oil prices. "Exxon Mobil's quarterly results demonstrate the strength of our integrated business model," Chief Executive Officer Rex Tillerson said in a statement after his company posted...
Oct 31- Chevron Corp posted a higher-than-expected quarterly profit on Friday as lower crude prices boosted its refinery operations, helping to offset sagging oil and gas production. The company posted third-quarter net income of $5.59 billion, or $2.95 per share, compared with $4.95 billion, or $2.57 per share, a year earlier. Analysts on average expected...
Wall Street stock index futures soared on Friday, as markets around the world rebounded after the U.S. posted better-than-expected Q3 growth.
Fadel Gheit, Oppenheimer & Company energy analyst, provides insight on big energy's Exxon Mobile and Chevron.
Earnings from Exxon and Chevron, and September data on consumer spending, income and inflation are highlights ahead of Friday's opening bell.
Stocks were little moved Wednesday, as Facebook declined and Wall Street looked to the Federal Reserve's policy decision.
*Shares open at $32 and touch a high of $33.30. Oct 29- Shares of Shell Midstream Partners LP, a master limited partnership formed by Royal Dutch Shell Plc, rose as much as 45 percent in their market debut, in the latest MLP offering to win investor confidence. Royal Dutch Shell is the first of the industry majors to take an MLP public as a means of monetizing assets while...
Stocks declined Monday as crude dropped below $80 a barrel and Merck & Co. narrowed its 2014 outlook.
After energy shares led the recent stock market selloff, investors are eyeing earnings to see if the sector can pull itself out of the pit.
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Can the bull market continue? In preparation for earnings season to continue next week, Jim Cramer gives his take on what to expect.