Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the fourth quarter and full year of 2020. The company’s earnings release,
U.S. shale producer Continental Resources Inc raised its capital budget and forecast a rise in its crude oil and natural gas output this year, building on a recent recovery in commodity prices from pandemic-led historic lows.
Occidental Petroleum Corporation (NYSE: OXY) and Devon Energy Corp (NYSE: DVN). Fed Governor Michelle W. Bowman will speak at 11:10 a.m. ET, while the NY Empire State Manufacturing Index is scheduled to be released at 8:30 a.m. ET.
Futures for the Dow Jones Industrial Average climbed 203 points to 31,600 while the Standard & Poor’s 500 index futures traded rose 19.90 points to 3,951. Futures for the Nasdaq 100 index gained 56.50 points to 13,861.25.
Oil prices traded lower as Brent crude futures fell 1.5% to trade at $58.49 per barrel, while US WTI crude futures fell 1.6% to trade at $52.72 a barrel.
A Peek Into Global Markets
European markets were mostly higher today, with the UK s FTSE index rising 2.52%, Spanish Ibex Index climbing 1.84%, French CAC 40 Index gaining 1.45%, STOXX Europe 600 Index rising 1.31% and German DAX 30 index inching up 0.42%.
The Dow Jones Industrial Average notched a record closing high on Tuesday as cyclical sectors gained on the prospect of more fiscal aid to lift the U.S. economy from a coronavirus-driven slump.
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NEW YORK (Reuters) - The Dow Jones Industrial Average notched a record closing high on Tuesday as cyclical sectors gained on the prospect of more fiscal aid to lift the U.S. economy from a coronavirus-driven slump.
The Nasdaq, however, dipped as technology stocks moved lower, while concerns over rising interest rates kept the benchmark S&P 500 little changed.
Sectors poised to benefit the most from a reopening economy, including energy and financials, had the biggest percentage gains. President Joe Biden has pitched a $1.9 trillion pandemic relief bill and is pressing Congress to pass it in the coming weeks in order to get $1,400 stimulus checks to Americans and bolster unemployment payments.