Oil prices are reeling on comments from President Trump
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| | 4/26/2019 | |
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Dow Fights for Gains as Traders Weigh Earnings, GDP | By Lillian Currens | | Despite first-quarter gross domestic product (GDP) growth that exceeded expectations, the Dow Jones Industrial Average (DJI) has traded on both sides of breakeven today. The index was last seen modestly higher, though, even as blue chips Exxon Mobil (XOM) and Intel (INTC) tank after earnings. Meanwhile, the Nasdaq Composite (IXIC) is in the red, as a sell-off in chip stocks overshadows an earnings win from Amazon (AMZN). Oil prices are also notably lower, after President Donald Trump said he told the Organization of the Petroleum Exporting Countries (OPEC) to temper fuel costs. At last check, front-month crude futures were down 3.3% at $63.07 per barrel. Continue reading for more on today's market, including: - Sell this shipping stock on macro risk, says analyst.
- The food delivery stock on a tear after earnings.
- Plus, options traders pile on puts ahead of Mondelez earnings; the vet stock jumping on buyout buzz; and Monotype stock slides on disappointing earnings report.
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