Schaeffer's Midday Market Check Data showed weekly crude inventories rose again last week
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| | 6/12/2019 | |
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Oil Prices Nosedive, Dow Dips Again | By Karee Venema | | The Dow Jones Industrial Average (DJI) is lower at midday, as traders digest the latest inflation data, putting the blue-chip index on track for back-to-back losses. While downside for the Dow is modest thanks to big gains from pharma stocks Johnson & Johnson (JNJ) and Merck (MRK), oil prices are making a notable move south after data showed a second consecutive weekly rise in domestic crude inventories. At last check, July-dated crude is down 2.9% at $51.71 per barrel. Continue reading for more on today's market, including: - Put buyers see new lows for sinking Dave & Buster's stock.
- Analyst: This pharma stock is "remarkably cheap."
- Plus, Teva legal troubles spark heavy options volume; Tailored Brands drops ahead of earnings; and analysts rush to raise Alteryx price targets.
| >> Continue reading... | |
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