Tuesday, June 27, 2017

Have oil prices stopped plunging?

Crude oil plunged into a bear market last week amid fears about the giant supply glut. But crude prices have stabilized in recent days and Citigroup predicted the "bottom" may be near.
CNNMoney Markets Now
 
Dow Nasdaq S&P
-98.89   -100.53   -19.69
21,310.66   6,146.62   2,419.38
-0.46%   -1.61%   -0.81%
YTD +7.83%   YTD +14.18%   YTD +8.06%
 
Biggest Winners
Signet Jewelers Ltd +4.56%
 
Darden Restaurants Inc +2.90%
 
Chesapeake Energy Corp +2.78%
 
Macy's Inc +2.76%
Biggest Losers
Arconic Inc -9.04%
 
Seagate Technology PLC -6.79%
 
Advanced Micro Devices Inc -4.83%
 
Netflix Inc -4.11%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Stats Latest Today's Change
Oil $44.05 -0.19 / -0.43%
Gold $1,249.30 +2.40 / +0.19%
10-yr 2.20% +0.06 / +2.85%
Euro $1.13 +0.02 / +1.40%
News: What you need to know about the markets
 
 
Have oil prices stopped plunging?
Crude oil plunged into a bear market last week amid fears about the giant supply glut. But crude prices have stabilized in recent days and Citigroup predicted the "bottom" may be near. Read more »
 
Illinois could soon become America's first 'junk' state
Illinois is grappling with a severe budget crisis that could soon lead to an embarrassing first. Read more »
 
People really love eating at Olive Garden
Darden Restaurants, the owner of Olive Garden, continues to post strong sales. Customers have flocked back to the Italian chain and Darden is even experimenting with delivery services through a partnership with Amazon. Read more »
 
IMF cuts U.S. growth outlook, cites uncertainty around Trump policies
The International Monetary Fund cut its growth forecast for the United States, citing uncertainty surrounding the Trump administration's economic policies. Read more »
 
Musical chairs: Pandora CEO steps down
Pandora's former CEO Tim Westergren will be replaced by the company's chief financial officer. Pandora, which just scored an investment from Sirius XM, needs a new leader as competition in the digital music world heats up. Read more »
 
Trump could start a trade war this week
The Trump administration is expected to announce the results of an investigation into whether steel imports risk U.S. national security. Read more »
 
 
 
 
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