Slide in energy stocks push Wall Street lower

- Wall Street’s main indexes slipped on Thursday, as a slide in energy stocks added to the gloom after the Federal Reserve dampened expectations of an interest rate cut this year.

Adding to woes, oil prices slid on record U.S. crude production that led to a surge in inventories, dragging the energy index 1.06% lower, the most among the major S&P sectors. [O/R] “There is just a genuine lack of catalysts, now that most of the big names have reported there is no real driver.” More than 350 of the S&P 500 companies have reported so far, and analysts now expect earnings to rise 0.7%, compared with a 2% fall estimated at the beginning of April, according to Refinitiv data.

Among decliners, Dow Inc, the commodity chemicals division spun off from DowDuPont Inc, tumbled 5.42% after reporting a 24 percent fall in core earnings.

How insurance companies are doing after refusing payment to natural disasters policyholders... what about mortgages and loan payments those effected? How financial system helping people? There are more and more cases

danger abus allianz bank tooo flee asquickly scammmm fraud band

😐😐😐

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Apple's stock is surging, but Wall Street analysts thought earnings results were just 'fine'Wall Street analysts see Apple headed in the right direction after its earnings report Tuesday, but were less optimistic than the market. It’s all a game of Smoke & Mirrors. AppleSupport Apple They've stopped caring for customers.. Many like me are facing pathetic attitude of AppleSupport towards their customers. case ID: 100800933452 & Case ID: 20000042499650 Of course, because Wall Street wants to control and manipulate all stocks.
Source: CNBC - 🏆 12. / 72 Read more »

Major Wall Street banks are telling clients to be ready for a sudden rip higher in the marketWall Street firms have a playbook for a potential rapid move higher in stock markets.
Source: CNBC - 🏆 12. / 72 Read more »

Fed and tech stocks could crack the market rally, warns Wall Street strategistOur call of the day, from Miller Tabak Asset Management’s strategist, Matt Maley, warns that any shift in the Fed’s dovish stance this week could cause this...
Source: MarketWatch - 🏆 3. / 97 Read more »