Stocks inch toward record levels as crude oil keeps moving higher. But one bank on Wall Street says the good times may not last. Plus, was last week's jobs miss an economic head fake? Catch The Final Round at 4 p.m. ET with markets correspondent Nicole Sinclair and columnist Rick Newman.
Winners and losers
Stocks getting hit today include Flexion Therapeutics on a secondary offering, Southwestern Energy following an analyst downgrade, and VeriFone on an earnings miss and weak current quarter outlook.
On the flip side, stocks moving higher today include Ashford Hospitality Group on a takeover bid, arcade restaurant chain Dave & Busters after raising its outlook, and Lululemon after it raised its full-year profit forecast.
Mobile trading taking off
The financial technology—or fintech—revolution is here. Here to tell us more about this space, and what companies like Fidelity Investments are up to with mobile, is Velia Carboni, senior vice president of mobile at our sponsor Fidelity Investments. You can learn more about the app here.
Looking ahead
In the morning, we'll get initial jobless claims for the week. The Street's expecting around 270,000 new claims.
We'll get wholesale inventories for April. Economists are looking for flat to little change for the month, which has been the norm so far for the year.
Finally, tomorrow night in New York, Christie's is auctioning off the largest Fancy Intense Blue diamond ever at auction. Known as the Cullinan Dream, this 24.2 carat blue diamond is expected fetch over $23 million.
