The "Fast Money" traders share their final trades of the day.» Read More
Oil and gas producer Occidental Petroleum said Friday it plans to sell its 8.3% stake in Lyondell Chemical.
Occidental Petroleum's chairman and chief executive took in more than $400 million in compensation last year, the company said in a filing, one of the biggest single-year payouts in U.S. corporate history.
Stocks closed mixed as the Dow Jones Industrials had their worst quarterly performance in almost two years. "What you've seen this quarter is a lot of negative shocks to the system in the market, yet the markets really don't want to go down," said Erik Ristuben of Russell Investment Group.
For Cramer, there is only one alternative energy play, one home builder worthy of recommending and one big loser in oil.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The session high rose to $60.95, breaking above the earlier electronic peak of $60.42, and marking the highest level since prices hit $60.97 on Jan. 3. However, a late sell-off erased much of today's rally.
Crude oil futures jumped more than $2 this afternoon, after a fire forced Occidental Petroleum to declare force majeure at one of the largest gas and oil fields in California.
U.S. stocks surged Thursday, driving the Dow industrials to a record close on strong earnings from brokerages and other companies and an improving outlook for the U.S. economy.