U.S. stocks declined for a second day after holiday spending in America slowed and gauges of manufacturing in China and Germany dropped. Oil rebounded from the lowest in five years and gold rallied.
Energy companies led gains, with Exxon Mobil Corp. and Chevron Corp. each rising 2.4 percent. LinkedIn Corp. soared 13 percent after third-quarter sales exceeded estimates. GoPro Inc. jumped 13 percent after its prediction for fourth-quarter profit surpassed analysts’ projections.
U.S. energy companies are shrugging off a 24% plunge in oil prices, confident they can adapt and still make money.
U.S. stocks recovered from earlier losses amid speculation the Federal Reserve will be patient in deciding when to increase interest rates.
With gas prices stuck at historic lows for the foreseeable future, bored investors can look toward master limited partnerships to increase profit yields on energy portfolios.
Welcome to the golden era of oil and gas.
U.S. stocks dropped after Brent crude sank to a two-year low amid signs of excess supply.
U.S. stocks fell after equities rose yesterday for the first time in three days as energy producers slid with the price of oil and investors speculated on the timing of interest-rate increases.
Iraqi Kurdish oil exports via Turkey may quadruple to half a million barrels a day in months.
Iraqi Kurdish oil exports via Turkey may quadruple to half a million barrels a day in months.