Stocks slump, oil prices surge
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Shares of oil companies and defense contractors rise after Israel launched an attack on Iran’s nuclear facilities.
Many tech stocks fall outside of the traditional definition of value, but this portfolio manager says investors should adapt their thinking.
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The West's energy watchdog said on Friday it was ready to release oil stocks should the market experience shortages following Israel's attack on Iran, drawing criticism from rival OPEC which said the statement would only create fear in the market.
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ConocoPhillips (COP), Exxon Mobil (XOM): Shares in
Israel’s strikes on Iran rippled through the US stock market on Friday, sinking shares of travel companies and lifting energy and defense stocks as traders braced for the possibility of a wider Middle East conflict.
U.S. stocks closed lower as investors assessed little progress on trade talks, after jumping in the morning on a cooler-than-expected inflation reading. The Dow Jones Industrial Average fell 1 point to close at 42,865.77, while the S&P 500 Index lost 16.51 points to settle at 6,022.30. The Nasdaq Composite was down 99.11 points, 0.5%, to 19,615.88
While Tesla may be unveiling its robotaxi on the streets of Austin, these five companies are leading the robotaxi revolution and haven't suffered quite the same brand damage as Tesla.
Wall Street’s rally stalled after stocks climbed back within 2% of their all-time high. The S&P 500 slipped 0.3% Wednesday for its first drop in four days.
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J.M. Smucker is struggling with coffee inflation and shoppers’ weak appetite for snacks. The maker of Folgers coffee, Jif peanut butter and Smucker’s jams posted lower fourth-quarter sales and swung to a loss.