VIENNA (Reuters) – OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls from major consumers to help reduce the price of crude and avoid a supply shortage.
Yahoo Finance’s Alexis Christoforous and Jared Blikre break down the latest market action after the company reported first quarter earnings that beat Wall Street expectations.
Here’s the performance of the components of the Nasdaq 100 Index as of 10:30 am ET:
HSIC Henry Schein Inc 2.39%
CMCSA Comcast Cl A 2.21%
HOLX Hologic Inc 2.05%
LBTYA Liberty Global plc Cl A 1.94%
DISH DISH Network Corp Cl A 1.84%
LBTYK Liberty Global plc Cl C 1.87%
VOD Vodafone Grp Plc ADS 1.42%
NTES Netease Inc Ads 1.16%
FOXA(F) Twenty-First Century Fox Inc A 1.18%
MAT Mattel, Inc 1.26%
FOX(F) Twenty-First Century Fox Inc B 1.02%
CHTR Charter Communications Inc 0.99%
DISCA(HB) Discovery Inc Ser A 1.00%
AAL American Airlines Grp inc 0.94%
CSX CSX Corp 0.89%
EXPE Expedia Grp Inc 0.87%
INTC Intel Corp 0.75%
QRTEA Qurate Retail Inc 0.85%
DISCK(HB) Discovery Inc Ser C 0.71%
TMUS T-Mobile US Inc 0.70%
PCAR PACCAR Inc 0.73%
DLTR Dollar Tree Inc 0.61%
TRIP TripAdvisor Inc When-Issued 0.56%
SBUX Starbucks Corp 0.45%
VIAB Viacom Inc Cl ‘B’ 0.53%
ORLY O’Reilly Automotive, …read more […]
Yahoo Finance’s Alexis Christoforous and Jared Blikre break down the latest market action after OPEC reached an agreement to increase oil production by one million barrels per day on a nominal basis. On a net basis, various figures around 600,000 to 800,000 are being touted.
Here’s the performance of select energy stocks as of 10:30 am ET:
MRO Marathon Oil Corp 8.76%
APC Anadarko Petro 6.68%
PE Parsley Energy Inc 6.44%
FTI(HB) TechnipFMC plc 5.95%
DVN Devon Energy 5.95%
NFX Newfield Exploration 5.95%
CLR Continental Resources Inc 5.84%
CVE(HB) Cenovus Energy Inc 5.49%
NBL Noble Energy 5.06%
COP ConocoPhillips 4.70%
HES Hess Corporation 4.51%
CNQ Canadian Natural Resources 4.47%
TRGP Targa Resources Corp 4.44%
EGN Energen Corp 4.39%
ECA EnCana Corporation 4.31%
HAL Halliburton Co 4.23%
BP BP P.L.C. ADS 4.14%
PXD Pioneer Natural Resources 4.13%
CQH(HB) Cheniere Energy Partners LP 4.12%
LNG Cheniere Energy 4.11%
SLB Schlumberger Ltd 4.04%
TOT Total ‘B’ ADS 3.96%
NOV National Oilwell Varco Inc 3.57%
HP Helmerich & Payne 3.56%
CXO Concho Resources Inc 3.47%
E(HB) Eni S.P.A. ADS 3.53%
RSPP RSP Permian Inc 3.42%
ETP(HB) Energy Transfer …read more […]
The benchmark Brent crude jumped 1.9 percent to $74.48 a barrel, following three days of declines, after OPEC agreed on Friday to raise production by around 1 million barrels per day from July for the group and its allies, according to a source. Exxon Mobil rose 2.1 percent and Chevron gained 3 percent providing the biggest boost to the S&P 500 and the Dow. A recent rally in oil prices due to an OPEC decision to restrict supply in an effort to drain global inventories, has helped S&P energy be the best performing S&P sector in the last …read more […]
(Reuters) – Energy and bank stocks led the S&P and Dow higher on Friday, though a decline in technology shares capped gains and pushed the Nasdaq slightly lower.
WASHINGTON (Reuters) – The U.S. Supreme Court ruled on Friday that companies can recover profits lost because of the unauthorized use of their patented technology abroad in a victory for Schlumberger NV, the world’s largest oilfield services provider.
Southwest (LUV) runs into yet another difficulty amid passengers’ doubting its safety measures and suing the carrier on the same. …read more […]
(Reuters) – U.S. stocks opened higher on Friday with the Dow ending its 8-day losing streak as bank stocks gained after passing the Federal Reserve’s annual regulatory stress test.
Let’s talk about the popular Baidu Inc (NASDAQ:BIDU). The company’s shares saw a decent share price growth in the teens level on the NasdaqGS over the last few months. WithRead More… …read more […]
TOKYO (Reuters) – Renault SA absorbing Nissan Motor Co. and Mitsubishi Motors Corp is not an option as the carmakers look to strengthen their partnership while retaining their autonomy, alliance chairman Carlos Ghosn said on Friday.
VIENNA (Reuters) – OPEC agreed on Friday on a modest increase in oil production from July after its leader Saudi Arabia persuaded arch-rival Iran to cooperate amid calls from major consumers to help reduce the price of crude and avoid a supply shortage.
CANNES, France (Reuters) – Former WPP boss Martin Sorrell denied on Friday that he had visited a prostitute and paid using company money when pressed on a stage in front of hundreds of people about why he had left the advertising giant he founded.
BERLIN (Reuters) – Lufthansa’s budget carrier Eurowings expects the transfer of planes from collapsed rival Air Berlin planes into its fleet to be completed by the end of July, it said on Friday.
LONDON (Reuters) – World shares rose on Friday but were set to end in the red for a second week running amid intensifying worries over the fallout of a trade dispute resulting from U.S. tariffs, while oil prices rose with an OPEC meeting underway.
CANNES, France (Reuters) – Former WPP boss Martin Sorrell denied on Friday that he had visited a prostitute and paid using company money when asked on a stage in front of hundreds of people about why he had left the ad giant.
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