U.S. stocks dipped in a choppy session after the latest round of earnings reports, as a decline in the consumer discretionary sector and interest-rate sensitive stocks outweighed gains in healthcare names.
Oil edged higher on Thursday, lifted by a reported drop in U.S. crude inventories stored at the Cushing, Oklahoma, delivery hub, and as commitments from Gulf OPEC members assuaged lingering doubts in the market about cooperation from other producers.
A rally in Boeing's shares helped the Dow reverse course in the early afternoon session on Wednesday, while Apple continued to weigh on the Nasdaq and the S&P 500.
Markets fell broadly in Asia on Wednesday after a gloomy session on Wall Street, where shares of household names like appliance maker Whirlpool and athletic apparel maker Under Armour suffered their worst declines in years.
President Barack Obama is leaving the White House in a few months, but the troubles of his signature health care law continue to make headlines.
U.S. stocks slipped from two-week highs on Tuesday as results and outlooks from companies in various sectors, including housing and consumer products, failed to live up to expectations.
The S&P 500 hit a two-week high on Monday on the back of strong earnings, while a flurry of acquisitions indicated corporate America continues to see untapped value in the market.
Oil prices fell on Monday after Iraq said it wanted to be exempt from an OPEC production cut, though prices drew some support from a rally in Wall Street shares and a draw in crude inventories at the U.S. storage hub of Cushing, Oklahoma.
Asian markets mostly rose Monday as Japan reported its trade balance swung to a surplus in September and strong Japanese manufacturing data from a purchasing manager's survey also suggested signs of improved activity in the world's third biggest economy.
The S&P 500 and the Dow came off session lows in early afternoon on Friday, but continued to be weighed down by energy and healthcare stocks, while a record-setting rally in Microsoft kept the Nasdaq in positive territory.
Schlumberger Ltd. said its third-quarter earnings fell 82% on lower revenue and expenses related to the oil-field services acquisition of Cameron International Corp. earlier this year.
U.S. stocks ended a choppy session on Thursday with a slight decline as investors digested the latest round of earnings, with a sharp drop in telecoms offset by gains in healthcare.
U.S. stocks rose Wednesday as shares of energy companies climbed with the price of oil and earnings reports offered fresh signs of profitability at banks.
Asian shares were mostly higher Wednesday after China reported its economy expanded at a steady 6.7 percent pace in the July-September quarter, better than some forecasters had expected.
Wall Street advanced on Tuesday to give the S&P 500 its best day this month on the heels of solid earnings reports from names such as UnitedHealth and Netflix that put corporate profits on track to snap a four-quarter streak of declines.
Wall Street ended modestly lower on Monday as energy stocks retreated along with oil prices, while Amazon and Netflix weighed on the consumer discretionary sector.
Asian shares were mixed Monday, trading within a narrow range as cautious investors considered the most recent comments by Federal Reserve Chair Janet Yellen.
Asian shares were mostly lower on Monday, trading within a narrow range as cautious investors considered the most recent comments by Federal Reserve Chair Janet Yellen.
A heavy slate of U.S. corporate earnings could set the course next week for a wavering U.S. stock market.
The Dow Jones Industrial Average was set to close little changed Thursday, recovering from an earlier 184-point drop that followed weak Chinese trade data.