|Day's Range||1,688.532227 - 1,696.365234|
|52 Week Range||1,349.349976 - 1,708.099976|
Keith Bliss of DriveWealth LLC joins Yahoo Finance's Seana Smith from the New York Stock Exchange to discuss the latest market moves.
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 three months.
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. 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.
OPEC has just reached a decision to increase output of oil barrels per day -- 1 million on the headline, but actually closer to 600K per day of "real" barrel output.
NEW YORK (AP) — U.S. stocks are rising Friday morning as energy companies climb along with the price of oil. Oil producers in OPEC are discussing an increase in production, a step investors have expected for the last few weeks. Industrial and basic materials companies are rising as well while technology companies are mostly lower. The European Union is following through on its promise to put import taxes on $3.4 billion in U.S. goods including bourbon, peanut butter and orange juice in response to U.S. tariffs on steel and aluminum.
Without much data or earnings news on the calendar, the focus sits squarely on OPEC amid talk that a crude oil production increase might be in the cards. The timing of OPEC’s oil output decision isn’t clear. There’s a lot of talk on the Street about chances for output to rise, and Oilprice.com reports that OPEC (Organization of the Petroleum Exporting Countries) jacked up production even before today’s meeting of OPEC members.
SEOUL, South Korea (AP) — Global stocks and oil prices were higher Friday as investors monitored OPEC's discussion on increasing crude production. Caution remained, however, over trade disputes between China and the U.S. as well as between the U.S. and Europe that could hurt corporate profits and jobs.
FTSE Russell is rebalancing the large-cap Russell 1000 and the small-cap Russell 2000 indexes, which happens only once a year. Last year's reconstitution on June 23 saw nearly 5 billion shares change hands, the second busiest day of 2017. A little-known indexing event on Friday will likely result in the year's biggest volume day, with large trading and potential price swings in well-known names like Apple, Microsoft, J.P. Morgan, and Grubhub.
The stock market has been rattled by the threat of a global trade war, creating an environment that would be expected to draw support for gold as investors look for havens. But gold isn’t responding. Here are some reasons that might explain why.
President Trump signs Executive Order to stop separating families. Yahoo Finance's Seana Smith, Dan Roberts, Dion Rabouin and Ethan Wolff-Mann discuss.