Lows with the indexes off by at least. 10 . The dow pretty much little changed. Last week we saw the s p 500 rebound from a sevenweek low. We are having nasdaq dont difficulty gaining any kind of traction without the catalyst of earnings anywhere. Alix the stocks you would think would selloff, you will see an Interest Rate rollover. Volume was light, all by double digits at this point in the trading day. Up not even. 10 , the smallest range in exactly a year. Was the last day summit move this little in a trading session. A couple of the big movers, the materials sector led the way today. Stories, months and so monsanto had a big move on the buyout announced today. The deal on oci is not going to , investors like the idea that they will not be putting that cash out there to make the deal happen. The stock got a little bit of a boost as a result. In the bond market you did see the two year yield into its way little higher, the 10 year yield relatively unchanged. That pattern remaining to
Sanctions against wells fargo. Well have that story plus reaction from former fdic chair sheila bair. Well get to her in just a moment. Plus a new report says amazon is getting more serious about its own shipping business and it may be looking to ditch fedex and ups altogether. This as amazon stock continues to power higher. More on that story coming up a little bit later this hour. And shareholders voting today to approve one of the largest corporate deals in history. Well take a closer look at Anheuser Buschs takeover of sb miller. Is that enough . We have more in the next couple hours. Lets begin on the breaking news of the oil front that has moved the market today. Jackie d. Has it for us. The spike in crude oil putting some traders off guard today. Closing today over 47 a barrel. Now, three major headlines coming out of reuters regarding the opec meeting, but remember, theyre citing sources. Nobody officially has gone on the record here. You mention there is potentially a deal to
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The potential reimposition of U.S. sanctions on Venezuela's oil and gas sectors looms large, signaling significant challenges for the nation's economy, including reduced oil revenue, hindered energy investments, and the risk of domestic fuel shortages, according to industry analysts and executives.
OPEC Update, January 2024 seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.