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Tuesday is looking like a bad day to be invested in oil stocks, as downbeat news in the oil sector takes a toll on shares of oil majors ExxonMobil (NYSE: XOM), ConocoPhillips (NYSE: COP), and BP ...
At roughly $70.60 per barrel, crude oil today costs 9% less than it did just a week ago. Worse news for investors, about half of that decline arrived today, with WTI prices dropping 4.5%.
On top of that, the oil producer plans to ramp its annual share repurchase rate from $5 billion to $7 billion, with the aim of buying back over $20 billion in stock in the first three years ...
The 1987 stock market crash, or Black Monday, is known for being the largest single-day percentage decline in U.S. stock market history. On Oct. 19, the Dow fell 22.6 percent, a shocking drop of ...
U.S. stocks fell sharply for a second straight session Tuesday as investors brace for June inflation data. Stock market live updates: Oil collapses, stocks slide ahead of inflation data [Video ...
The trading halt occurred after the markets reached a drop of 7.2 percent within 15 minutes. The crash temporarily recovered after the Federal Reserve Bank of New York offered at least $1.5 trillion worth of short-term loans to banks for 12–13 March, but the market quickly resumed its decline soon after. [270]
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Stocks closed lower on Wall Street after another sharp slide for the price of crude dragged down big oil-and-gas stocks. Treasury yields fell. NEW YORK (AP) — Wall Street is hanging near its ...