U.S. stocks were lower after the close on Friday, as losses in the Oil & Gas, Technology and Basic Materials sectors led shares lower.
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The best performers of the session on the Dow Jones Industrial Average were Amgen Inc (NASDAQ:AMGN), which rose 2.12% or 4.98 points to trade at 239.69 at the close. Meanwhile, Merck & Company Inc (NYSE:MRK) added 1.11% or 0.82 points to end at 74.50 and Verizon Communications Inc (NYSE:VZ) was up 0.87% or 0.50 points to 57.82 in late trade.
The worst performers of the session were Chevron Corp (NYSE:CVX), which fell 3.60% or 3.85 points to trade at 103.05 at the close. Dow Inc (NYSE:DOW) declined 2.48% or 1.59 points to end at 62.47 and Salesforce.com Inc (NYSE:CRM) was down 1.78% or 4.17 points to 230.19.
Oil Gains on Strong Demand Rebound Sentiment, OPEC Initiatives
by Ship & Bunker News Team
Tuesday April 27, 2021 Although
India s troublesome Covid rates - which have caused crude traders to fret about global demand impact for the past few sessions - remain unchanged, sentiment on Tuesday swerved back to optimism for a robust demand recovery later this year, and as a result oil climbed by the most in nearly two weeks. After sources such as
Russia, and the
Organization of the Petroleum Exporting Countries (OPEC) on Tuesday expressed confidence in an economic recovery from government-mandated Covid lockdowns, gains in West Texas Intermediate outpaced those of its global counterpart, Brent.
Oil Gains 4% on Texas Aftermath, Continued Drop In Covid Numbers shipandbunker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shipandbunker.com Daily Mail and Mail on Sunday newspapers.
Crude Oil Gains as Copper Prices Aim for 2012 High, Downside Potential Grows 2021-02-16 06:00:00 Daniel Dubrovsky, Strategist
Crude Oil, Copper, Vaccination Milestones, Texas Winter Storm, Commodities Briefing - Talking Points:
Crude oil rallied with stocks, Texas winter storm created supply woes
Copper aiming for 2012 peak on high demand as US Dollar weakens
China reportedly mulling rare earth export curbs to US defense sector
WTI, copper uptrends remain, but distance to key trendlines a risk
Growth-linked crude oil prices and copper futures aimed higher over the past 24 hours as market mood remained optimistic. This is as equities were closed for trading in China and in the United States amid the Lunar New Year and Presidents’ Day holidays respectively. In Europe, the Euro Stoxx 50 and FTSE 100 climbed as equities tracking futures on Wall Street followed.
U S stocks rise for sixth day as bonds dip, oil gains bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.