Friday, October 7, 2022

OPEC's production cut is a win for oil stocks

The White House isn't very happy with OPEC's decision to slash oil production by 2 million barrels per day. Consumers won't be big fans either, as the move will likely send gas prices higher.
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OPEC's production cut is a win for oil stocks
The White House isn't very happy with OPEC's decision to slash oil production by 2 million barrels per day. Consumers won't be big fans either, as the move will likely send gas prices higher. Read more »
 
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Fury at Saudi Arabia revives calls for US to throw the book at OPEC
OPEC+'s decision to slash oil production has set off bipartisan fury in Washington directed at the Saudi Arabia-led group, raising calls for a hard-hitting US response. Read more »
 
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Credit Suisse flexes muscle with $3 billion bond buyback
Credit Suisse said it will buy back up to $3 billion in its own bonds to save money on debt servicing costs while taking advantage of low prices. Read more »
 
Markets are starting to act super strange
Investors are tightening their neck braces as US stocks soar upwards, plummet back down and then do it all over. Stock market volatility is at its bumpiest level since July. Read more »
 
 
 
 
Dow Nasdaq S&P
-630.15   -420.91   -104.86
29,296.79   10,652.41   3,639.66
-2.11%   -3.80%   -2.80%
YTD -19.38%   YTD -31.91%   YTD -23.64%
 
Biggest Winners
NORTHROP GRUMMAN CORP +2.24%
 
PG&E Corp +2.05%
 
Halliburton Co +2.01%
 
McCormick & Company Inc +1.92%
Biggest Losers
CVS Health Corp -10.48%
 
Generac Holdings Inc -8.55%
 
Centene Corp -6.75%
 
HP Inc -5.44%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $93.26 +4.81 / +5.44%
Gold $1,702.40 -18.40 / -1.07%
10-yr 3.88% +0.06
Euro $0.97 -0.01 / -0.54%
More Markets Now
 
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