Premarket biggest movers: Exxon Mobil, Tribune Publishing, Apple, Tesla (SPY -0.07%. 2020 ends with around 20 million Americans still on jobless benefits.
Here is the current market situation from CNN Money
European markets finished broadly lower on Wednesday with shares in London leading the region. The FTSE 100 is down 1.45% while Germany's DAX is off 0.31% and France's CAC 40 is lower by 0.22%.
What Is Moving the Markets
Here are the headlines moving the markets.
Oilfield Service Giants Are Expanding Beyond Oil Tech
The oilfield services sector is usually the one to suffer the most during an oil and gas industry downturn. This last crisis has been no exception in most respects. Drilling fell sharply this year in response to the demand slump in both oil and gas, budgets were cut and exploration plans shrunk. There was talk we might have already seen peak oil demand. The situation begged the question what happens to oilfield services beyond oil? To be fair, the world will need tens of millions of barrels of oil for decades to come, so beyond oil