The midst of a new review of its safety standards. And, Hewlett Packard could cut an additional16,000 jobs the tech company is already slated to slice 34,000. Hpq also reported an earnings forecast that fell shy of analst views. And our trader talk on this friday morning, James Ramelli of keene of the market. Com joins us and james. Its going to be an interesting trade today the market is closed on mondays. So what will be your trade of the day . My trade of the day might be no trade. This has been a very interesting week for the stock market. Weve seen some really bullish price action but that action has been on very little volume. Weve had one of our lowest volume days of the entire year this week, and while the market continues to head higher, i dont necessarily trust it at these levels. What were seeing is very light volume in the Options Markets as well which tells me one of two things either options traders have already gone on vacation or they dont believe in this rally. Either
As the price of Oil Continues to decline. West texas intermediate fell to an eighth month low and brent crude hit a 14month low dipping below 100 a barrel before coming back just a bit. That pushed shares of oil drillers, oil refiners, Oil Explorers and Oil Services Companies lower today. Case in point, exxonmobil. It was the biggest decliner in the dow today. Falling 1 1 2 . Chevron, the only other energy giant in the dow down about 1 . As for the major averages overall, the dow lost 26. Nasdaq bucked the trend. It was up 9. S p 500 down 6 but Still Closing just above the 2000 mark. Jackie deangelis has more on the slide in oil prices and where prices are trending and what it could mean for you at the pump. Energy prices continued to decline weighing on the s p 500, but bringing consumers a little bit of relief. Retail gas prices down another two cents over the last two weeks bringing prices down a quarter in the last 11 weeks. The National Average now 3. 46 a gallon according to the
Decline. West texas intermediate fell to an eighth month low and brent crude hit a 14month low dipping below 100 a barrel before coming back just a bit. That pushed shares of oil drillers, oil refiners, Oil Explorers and Oil Services Companies lower today. Case in point, exxonmobil. It was the biggest decliner in the dow today. Falling 1 1 2 . Chevron, the only other energy giant in the dow down about 1 . As for the major averages overall, the dow lost 26. Nasdaq bucked the trend. It was up 9. S p 500 down 6 but Still Closing just above the 2000 mark. Jackie deangelis has more on the slide in oil prices and where prices are trending and what it could mean for you at the pump. Energy prices continued to decline weighing on the s p 500, but bringing consumers a little bit of relief. Retail gas prices down another two cents over the last two weeks bringing prices down a quarter in the last 11 weeks. The National Average now 3. 46 a gallon according to the lundberg survey. Falling crude fu
Decline. West texas intermediate fell to an eighth month low and brent crude hit a 14month low dipping below 100 a barrel before coming back just a bit. That pushed shares of oil drillers, oil refiners, Oil Explorers and Oil Services Companies lower today. Case in point, exxonmobil. It was the biggest decliner in the dow today. Falling 1 1 2 . Chevron, the only other energy giant in the dow down about 1 . As for the major averages overall, the dow lost 26. Nasdaq bucked the trend. It was up 9. S p 500 down 6 but Still Closing just above the 2000 mark. Jackie deangelis has more on the slide in oil prices and where prices are trending and what it could mean for you at the pump. Energy prices continued to decline weighing on the s p 500, but bringing consumers a little bit of relief. Retail gas prices down another two cents over the last two weeks bringing prices down a quarter in the last 11 weeks. The National Average now 3. 46 a gallon according to the lundberg survey. Falling crude fu
Decline. West texas intermediate fell to an eighth month low and brent crude hit a 14month low dipping below 100 a barrel before coming back just a bit. That pushed shares of oil drillers, oil refiners, Oil Explorers and Oil Services Companies lower today. Case in point, exxonmobil. It was the biggest decliner in the dow today. Falling 1 1 2 . Chevron, the only other energy giant in the dow down about 1 . As for the major averages overall, the dow lost 26. Nasdaq bucked the trend. It was up 9. S p 500 down 6 but Still Closing just above the 2000 mark. Jackie deangelis has more on the slide in oil prices and where prices are trending and what it could mean for you at the pump. Energy prices continued to decline weighing on the s p 500, but bringing consumers a little bit of relief. Retail gas prices down another two cents over the last two weeks bringing prices down a quarter in the last 11 weeks. The National Average now 3. 46 a gallon according to the lundberg survey. Falling crude fu