Chevron and Halliburton Stocks Are Falling as Oil Prices Drop

Energy stocks were dropping Wednesday as the price of oil continued to fall. Rising interest rates are raising concern that the economy could grow more slowly, cutting into demand.

Not only has the Federal Reserve made it clear that it may raise its target for the fed-funds rate higher than investors had expected, and keep it elevated for longer, but yields have been taking off for longer-dated Treasury debt. That boosts the cost of longer-term loans such as mortgages, with potentially negative consequences for the housing market.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks Had a Great September. Coal Stocks, Anyway.Shares of coal miners Alpha Metallurgical, Warrior Met Coal, Arch Resources, Consol Energy, and Peabody Energy logged double-digit-percentage gains in...
Source: MarketWatch - 🏆 3. / 97 Read more »

Utilities stocks suffer worst day since 2020 as Treasury yields resume climbThe S&P 500 utilities sector falls to its lowest since June 2020 as Treasury yields resume their climb.
Source: MarketWatch - 🏆 3. / 97 Read more »

Tech stocks are still sliding after closing out their worst month of 2023Tech stocks fell sharply on Tuesday, leading a broader market decline that was sparked by concerns of rising interest rates
Source: CNBC - 🏆 12. / 72 Read more »

3 Defense Stocks For DividendsThe stock market is facing a 'wall of worry' due to the surge of inflation and the increasing risk of an upcoming recession. During such tumultuous periods, risk-averse investors look for stocks that are resilient to bear markets.
Source: NEWSMAX - 🏆 16. / 71 Read more »