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Tag Archives: Oil

Stocks move higher in afternoon trading

NEW YORK — Stocks were steadily rising into the afternoon on Thursday, building on a modest climb from the day before. Investors were keeping a close eye on the price of oil, which had reversed its losses from earlier in the day. Bank stocks, battered from several days of losses, were among the biggest gainers. KEEPING SCORE: The Dow Jones ...

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US stocks slip as weak earnings hammer retailers

NEW YORK — U.S. stocks are mostly lower Friday morning after a batch of weak quarterly reports. Retail stocks are sliding after a disappointing report from department store operator Nordstrom. Oil prices are in decline after a big surge over the past week. KEEPING SCORE: The Dow Jones industrial average lost 68 points, or 0.4 percent, to 16,344 as of ...

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Stocks rising again on higher oil prices and factory orders

NEW YORK — U.S. stocks are rising on a pickup in factory output and a recovery in the price of oil. The market was on track for its third gain in a row. Companies including Priceline and Garmin are climbing after posting strong quarterly results. KEEPING SCORE: The Dow Jones industrial average rose 187 points, or 1.2 percent, to 16,383 ...

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US stocks open higher as oil rebounds, banks rise

U.S. stocks opened higher, seeking their first gain this week, as beaten-down energy and financial companies rebounded. Banks rose Friday after Deutsche Bank offered to buy more than $5 billion in bonds. Its shares were up 9 percent. JP Morgan Chase was up 5 percent. Oil jumped 6 percent, helping to lift energy company shares. Drilling company Transocean was up ...

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Energy sector leads another decline in stocks as oil falls

NEW YORK — Falling oil prices continued to weigh on U.S. and global stock markets on Tuesday as investors remained deeply concerned about the global economy following this week’s disappointing Chinese and U.S. manufacturing data. Google’s parent company, Alphabet, overtook Apple as the world’s most valuable publicly traded company. KEEPING SCORE: The Dow Jones industrial average lost 284 points, or ...

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Oil and gas companies lead an early decline in stocks

NEW YORK — Stocks were solidly lower in early trading Monday, as the price of oil took another tumble amid renewed concerns about the Chinese and U.S. economies. KEEPING SCORE: The Dow Jones industrial average lost 96 points, or 0.6 percent, to 16,369 as of 10:13 a.m. Eastern. The Standard & Poor’s 500 index lost 11 points, or 0.6 percent, to ...

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US stocks are little changed in early trade; oil price rises

NEW YORK — U.S. stocks are wavering between small gains and losses Thursday morning following a sharp sell-off the day before. The price of oil is climbing for the third consecutive day as key oil-producing nations discuss cuts in production. Strong earnings are propelling Facebook and Under Armor higher. KEEPING SCORE: The Dow Jones industrial average was off 22 points, ...

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US stocks rise as energy stocks bounce back from big loss

NEW YORK — U.S. stocks are climbing Thursday, led by big gains in energy companies as the prices of crude oil and natural gas recover from steep plunges the day before. Telecom stocks also rose after Verizon reported strong fourth-quarter results. KEEPING SCORE: The Dow Jones industrial average added 146 points, or 0.9 percent, to 15,912 as of 11:23 a.m. Eastern ...

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Wall Street slides into correction; oil falls below $30

Associated Press Never before has Wall Street gotten off to a worse start to a year. The stock market capped the first two weeks of 2016 with a steep slide Friday that sent the Dow Jones industrial average down nearly 400 points. All three major stock indexes — the Dow, the Nasdaq composite and the Standard & Poor’s 500 — ...

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TODAY ON WALL STREET — US stocks gain, led by energy sector as price of oil climbs

U.S. stocks were on course to close sharply higher Tuesday. Rising oil prices and encouraging data on housing and consumer confidence helped lift the market, nudging the Standard & Poor’s 500 index back into the black for the year. Technology companies were among the biggest gainers. KEEPING SCORE: The Dow Jones industrial average rose 204 points, or 1.2 percent, to ...

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