1 . Take a look at the groups on the move. We still have technology in the red. Care has been lagging. Tech just barely in the red. Materials, consumer staples, utilities are leading some of the gains here. Look, ifnted to take a i may, at what is going on with oil. Because we have also seen the s p track very closely today with oil prices. White yellow, the s p in and you can see clearly what is going on. Around and made a roundtrip. So have oil prices there are concerns about supply constraints in nigeria. But supply in canada has been coming back online. That has been pushing oil around today. In the most toe gains, weve got microsoft higher, exxon mobil also rising with the rebound in oil prices. And amazon. Com on a fiveday winning streak at this point. Percentagewise, some of the winners were looking at today tied to news include monsanto, which might be getting some interest from a buyer of germany to create the Worlds Largest agrichemical company. Ralph lauren beating estimates
Rally,sterday was a huge Massive Gains from last week, ever since the lows from two weeks ago. It was a selloff, but it did not feel dramatic. In february 8, but not a stomachturning selloff. The losers who were the winners are now the losers again. Oil and gas, these guys have been beaten up for so long, eventually turn the corner, nice rally, and these the ones most affected today. Joe treasury market, modest day, buton a risk off it was minimal, just 0. 1 on the twoyear and the 10year. We havent seen much of a decline today. Scarlet china week in weakening its yuan. To demand for safe havens like the japanese yen. Of the risk off the scene has to come to the oil price, another big slide, Saudi Oil Ministers saying there will not be a Production Cut for saudi arabia, Iranian Oil Minister saying that trees they talked about last week is totally ridiculous, and both adding a lot of pressure on oil some were feeling better about the market. Scarlet lets take a deep dive. Im looking at o
Domestic crude went from a loss of nearly 4 , to a slight gain. The reason for the turn, a smaller than expected build in crude inventories last week and Strong Demand for gasoline. And by the closing bell, the Dow Jones Industrial average gained 53 points to 16,484. It had been down more than 26 0 points. The nasdaq rose 39. The s p 500 added 8. As Brian Sullivan reports from the Energy Summit in houston, industry executives are navigating their way through what may be a new normal. Reporter if you want to understand the mood of the oil and gas business right now, investor charlie lakam sums it up this way. This is unquestionably, i think, one of the most, you know, devastating periods in the industry. This will be the First Time Since the mid 1980s where youve had 2 successive declines in most Commodity Prices as well as activity. That pretty much sums it up, as the mood in major oil and gas conference here in houston remains tough, the reality of lower for longer Oil Prices Sets in.
Today, the move was sharp. Domestic crude went from a loss of nearly 4 , to a slight gain. The reason for the turn, a smaller than expected build in crude inventories last week and Strong Demand for gasoline. And by the closing bell, the Dow Jones Industrial average gained 53 points to 16,484. It had been down more than 26 0 points. The nasdaq rose 39. The s p 500 added 8. As Brian Sullivan reports from the Energy Summit in houston, industry executives are navigating their way through what may be a new normal. Reporter if you want to understand the mood of the oil and gas business right now, investor charlie lakam sums it up this way. This is unquestionably, i think, one of the most, you know, devastating periods in the industry. This will be the First Time Since the mid 1980s where youve had 2 successive declines in most Commodity Prices as well as activity. That pretty much sums it up, as the mood in major oil and gas conference here in houston remains tough, the reality of lower for
Today, the move was sharp. Domestic crude went from a loss of nearly 4 , to a slight gain. The reason for the turn, a smaller than expected build in crude inventories last week and Strong Demand for gasoline. And by the closing bell, the Dow Jones Industrial average gained 53 points to 16,484. It had been down more than 26 0 points. The nasdaq rose 39. The s p 500 added 8. As Brian Sullivan reports from the Energy Summit in houston, industry executives are navigating their way through what may be a new normal. Reporter if you want to understand the mood of the oil and gas business right now, investor charlie lakam sums it up this way. This is unquestionably, i think, one of the most, you know, devastating periods in the industry. This will be the First Time Since the mid 1980s where youve had 2 successive declines in most Commodity Prices as well as activity. That pretty much sums it up, as the mood in major oil and gas conference here in houston remains tough, the reality of lower for