Hornbeck Offshore Services, Noble, Hercules Offshore, Diamond Offshore and other deepwater drillers all rallying modestly midday, as a federal judge has blocked the offshore drilling moratorium imposed by the Obama administration.
Stocks rallied Tuesday as the euro gained against the dollar after a number of successful European debt auctions eased investor concerns about the euro zone's solvency crisis. Techs and industrials led the advance.
Sun shines on solar stocks again, but don't be snookered. The predictable rally in "alternative" energy stocks has begun, with the president sure to push them in his speech tonight. You'd think this would be an ideal time for solar: So why aren't traders excited?
Stocks rallied Tuesday as the euro gained against the dollar after a number of successful European debt auctions eased investor concerns about the euro-zone's solvency crisis. Techs and industrials led the advance.
The U.S. Department of Interior said Tuesday that oil has been leaking from a non-BP well into the Gulf of Mexico, but put the size of the leak at less than a barrel a day.
Stocks ended mostly higher after a late rally Tuesday as banks and materials rebounded. But tech stocks remained under pressure.
What follows is a look at stocks in the S&P 500 displaying unusual volume in today's trading session.
Stocks staged a late rally Tuesday as energy stocks made a comeback. But tech stocks fell after several downgrades.
The story of the moment comes once again from the Gulf of Mexico as reports surface that one of Diamond Offshore's rigs is also leaking. What must you know?
Stocks eked out a gain after some late-session turbulence, led by techs. Energy stocks rebounded from the bottom of the pack to the No. 2 behind tech. Financials ended lower.
Stocks turned lower on Thursday, led by energy and financials, amid the strengthening dollar and a pair of credit downgrades on BP. Techs were among the best performers.
Considerable confusion surrounding the president's new order on Gulf of Mexico drilling, most of it not good for the deepwater drillers: 1) a 6-month moratorium on permitting for new offshore oil and gas wells 2) the halting of all deepwater wells. The second part was a surprise to everyone. The issue: how does this affect earnings of deepwater drillers?
Stocks jumped at the open and kept climbing on Thursday, following the previous session's late-day selloff. Can the markets hold the gains until the close? Christopher Hobart, CEO and founder of Hobart Financial Group, and Tyler Vernon, chief investment officer at Biltmore Capital, offered their insights.
In the wake of the terrible oil spill in the Gulf of Mexico, Joe Terranova is hearing some big changes lie ahead in the oil services sector.
Offshore drillers are again under pressure on concerns that there may be a partial shutdown in drilling activity in the Gulf of Mexico: Hercules, Diamond Offshore, Noble and ENSCO are again weak today, as are smaller exploration and production firms with a primary presence there. But attention has moved this morning to those who might be involved in the cleanup.
Oil service names weighed heavily on the S&P 500 as oil from the massive spill in the Gulf of Mexico oozed into Louisiana's ecologically rich wetlands.
What follows is a roundup of corporate earnings reports for Thursday, April 22.
Stocks ended a strong quarter with a thud Wednesday after a disappointing report on jobs from ADP.
'I'm a buyer of RIM if it pulls back on disappointing earnings,' says Guy Adami. What level should you get in?
Stocks turned mixed Wednesday, the last trading day of the quarter. Energy, financials and materials were the sector leaders.