Pleasant thanksgiving holiday. The dow was able to squeeze out just enough of a game to notch a fresh record close on a holiday shortened day on wall street. But, the big story of the day was another tumble. And i do mean a tumble in the price of oil. Rattling the Energy Sector and keeping equities from making even more gains today. Todays big drop in crude prices. Comes after opec ministers voted on thursday not to cut production levels, despite lower demand and an oversupply on the market. Some analysts expected the cartel to cut production to help end a monthlong freefall in oil prices. They are down about 40 just since june. But no cuts came, and oil prices spilled like they had sprung a leak. Domestic crude off 10 today, tanking at 7. 54 to close at a 4 1 2 year low of 66. 15 a barrel. The International Bench mark brent fell another 2 to a fresh multiyear low of 70. 15 a barrel. Now with the price of oil plunging how bad could it get in the Energy Sectors . Bertha coombs has more.
Pleasant thanksgiving holiday. The dow was able to squeeze out just enough of a game to notch a fresh record close on a holiday shortened day on wall street. But, the big story of the day was another tumble. And i do mean a tumble in the price of oil. Rattling the Energy Sector and keeping equities from making even more gains today. Todays big drop in crude prices. Comes after opec ministers voted on thursday not to cut production levels, despite lower demand and an oversupply on the market. Some analysts expected the cartel to cut production to help end a monthlong freefall in oil prices. They are down about 40 just since june. But no cuts came, and oil prices spilled like they had sprung a leak. Domestic crude off 10 today, tanking at 7. 54 to close at a 4 1 2 year low of 66. 15 a barrel. The International Bench mark brent fell another 2 to a fresh multiyear low of 70. 15 a barrel. Now with the price of oil plunging how bad could it get in the Energy Sectors . Bertha coombs has more.
The Technology Company thats in the middle of the largest corporate split in history recorded earnings of 87 cents per share, two cents better than estimates. Revenues however, light coming in at 25. 5 billion down from 27 billion last year. Despite the revenue drop and a cautious outlook, the stock initially climbed after the report. The one thing to watch in hps report. Reporter the big take away from the hewlettpackard Earnings Report is that the company is still seeing declines in many of its major units, but companies appe to be boosting spending albeit at a more modest level. Thats important for a company like hp. Many of us know them as the ones that make desktop and notebook computers, as well a printers. Thats still a very big part of the company, but they are also devoting resources towards enterprise or business clients. Later on this year hps going to split itself into two separate publicly traded companies, one thats going to handle the traditional pc and Printer Market th
Continues that trend. The Technology Company thats in the middle of the largest corporate split in history recorded earnings of 87 cents per share, two cents better than estimates. Revenues however, light coming in at 25. 5 billion down from 27 billion last year. Despite the revenue drop and a cautious outlook, the stock initially climbed after the report. The one thing to watch in hps report. Reporter the big take away from the hewlettpackard Earnings Report is that the company is still seeing declines in many of its major units, but companies appe to be boosting spending albeit at a more modest level. Thats important for a company like hp. Many of us know them as the ones that make desktop and notebook computers, as well a printers. Thats still a very big part of the company, but they are also devoting resources towards enterprise or business clients. Later on this year hps going to split itself into two separate publicly traded companies, one thats going to handle the traditional pc
The Technology Company thats in the middle of the largest corporate split in history recorded earnings of 87 cents per share, two cents better than estimates. Revenues however, light coming in at 25. 5 billion down from 27 billion last year. Despite the revenue drop and a cautious outlook, the stock initially climbed after the report. The one thing to watch in hps report. Reporter the big take away from the hewlettpackard Earnings Report is that the company is still seeing declines in many of its major units, but companies appe to be boosting spending albeit at a more modest level. Thats important for a company like hp. Many of us know them as the ones that make desktop and notebook computers, as well a printers. Thats still a very big part of the company, but they are also devoting resources towards enterprise or business clients. Later on this year hps going to split itself into two separate publicly traded companies, one thats going to handle the traditional pc and Printer Market th