Stock Market News: Oil spikes, Apple shares hit all-time high, Target downgrade
Oil prices jump after Saudi Arabia leads OPEC+ price cut, Apple CEO Tim Cook delivers keynote at WWDC, Target shares face second downgrade in week. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
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Last week, Jamie Dimon CEO of JPMorgan, hinted about a potential interest in politics once his tenure at the nation's largest bank winds down. The company is making a clarification on his plans.
As national crime rates soar, Walgreen's is making an aggressive move in Chicago to combat theives.
The S&P 500 is close to exiting the bear market it entered about one-year ago but one Wall Street firm is raising a warning flag.
Apple CEO Tim Cook will kickoff the tech giant's Worldwide Developers Conference today at 1pm ET from Cupertino, CA. Cook is expected to unveil a highly anticipated VR headset and give clearer guidance on its AI strategy.
This as shares hit an all-time high Monday.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| USO | $64.15 | 1.60 | 2.56 |
| XOM | $105.76 | 2.40 | 2.32 |
| CVX | $156.26 | 4.10 | 2.69 |
| COP | $102.35 | 2.82 | 2.83 |
Oil jumped nearly 3% trading above $73 per barrel after Saudi Arabia led a 1 million plus production cut. The move may drive prices at the pump higher.
Walmart unveiled its AI strategy being implemented at its Supercenters across the nation.
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