Oil prices are heading for their highest close since late October
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| | 4/22/2019 | |
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Stocks Mixed as Oil Climbs | By Patrick Martin | | The Dow Jones Industrial Average (DJI) is lower today, but has pared sharper losses from this morning. Boeing (BA) was charged with most of the early morning damage, after a New York Times article over the weekend pointed to "shoddy production" at a factory that makes the 787 Dreamliner. Elsewhere, oil prices -- and Dow stocks Exxon Mobil (XOM) and Chevron (CVX) -- continue to rise amid news that the U.S. will halt sanction waivers on Iran oil imports. At last check, May-dated crude futures were up 2.5% at $65.59 per barrel, and heading for their highest close since late October. At last check, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are trading right around breakeven, as investors gear up for a busy week of quarterly earnings reports. Continue reading for more on today's market, including: - Grab this stock before earnings, according to one analyst.
- A C-suite shakeup has been unable to lift Bed Bath & Beyond shares.
- Plus, Kohl's options bears emerge; Morgan Stanley takes a stake in tobacco; and Rite Aid extends its slide.
| >> Continue reading... | |
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