right there after the release of that testimony, those prepared remarks. one theory here is that, suddenly, it gave investors more of the facts and allows this whole process to move forward. there are still worries, though, that new revelations about the president s possible interference in the russia investigation could delay his economic agenda, especially tax reform. moving beyond all of this would be something that would really be helpful to markets. comey s testimony, by the way, is just one of three big events today that could move markets. you ve got the uk election and a meeting of the european central bank. investors this week have really hit the pause button, stocks trading mostly lower. moving money into safe havens like bond and gold. oil price is a factor here. crude tanked 5% over a possible supply glut. there s this rift between qatar and four arab states that could halt a deal to cut output. also, we ve got news that u.s. crude inventories rose for the first time since
moving markets. look it there. you can actually see the moment on the charts when comey s testimony was released, and boom, stocks popped. one thing here is it gave investors more facts, right? it s moving the ball forward. but there are still worries that word of possible interference could delay the president s agenda, especially tax reform, the holy grail for investors. the uk election and the meeting of the european central bank could also move markets. investors have been cautious, stocks moving lower, into safe havens. crude tanked 5% over possible supply glut. two reasons there, the rift between qatar and four arab states could halt a deal to cut output and also we have u.s. crude inventories that rose for the first time since march. now, that could be good news for u.s. drivers. gas prices usually spike during the summer, but they fell about 2 cents from last week, dave. all right, a new provocation
lower after a flat close on wall street. investors tuning in today for april s jobs report and a whole lot more earnings. the dow fell as much as 100 points before closing, just down 6 points. the market was dragged by energy stocks which fell 2%. oil prices back below $45 a barrel. oil prices falling more than 3% overnight. crude at the lowest now since opec agreed to slash production in november. the historic agreement initially gave prices a boost, but high out put and sluggish demand for gas has renewed fears of a supply glut. same old story there. more trouble for uber. the ride-sharing company is under criminal investigation for using software to avoid regulators. reuters first reporting that the department of justice is looking into a program called gray ball, hiding cars in areas the company was not yet allowed to drive in. in a statement to cnn money, uber denied the charges, adding the program was mainly used to hide drivers from users who violate their terms of pay. a
the billion dollar power ball drawing. that s about $187 million for each winner. don t forget after taxes. the market gyrations began as trump victory look more certain. u.s. stock futures are down nearly 500 points. dow futures kept sink and then donald trump gave his acceptance speech promising to heal wounds. by the end of trading day stocks were rallying. they surged more than 1200 points in the month after the election. number eight, the crash in oil prices. a global supply glut drove crude to $26 a barrel in february. a 13-year low. by the summertime gas was the cheapest since 2004.
the election. number eight. the crash in oil prices. a global supply glut drove crude to $26 a barrel in february. a 13-year low. by the summertime, gas was the cheapest since 2004. oil prices eventually found their footing and then surged, because of an opec deal in late november. the promises to cut production. number seven, apple versus the fbi. the government ordered apple to help it break into the phone of one of the san bernardino shooters. the ceo tim cook refused arguing it would compromise security for all iphone users. a showdown in court loomed until an unnamed third party helped the justice department crack that phone. it won t be the last clash between tech and the law. number six, the conflict of interest battle.