Rotations happening among the major indices as Dow Jones (composite of the top 30 capitalized companies) gains over 1% while other indices drop, with large losses in NQ, down over .5%
- S&P 500: -0.07%
- Nasdaq: -1.7%
- Dow Jones: 4.5%
Amazon shares were down 2.9% after falling 5% on Monday. Zoom Video dropped 5.2%, adding to its 17% decline from Monday. Alphabet and Microsoft lost 0.9% and 3%, respectively.
Names that would benefit from an economic recovery rose on Tuesday. Chevron and Exxon Mobil were up 2.6% and 1.5%, respectively. Boeing traded 6.6% higher.
Oil and Gas News Today
Energy prices continue to rise amid both a COVID-19 vaccine and a hope that a more stringent oil and gas regulation environment could lead to inflated oil prices. Crude oil prices currently trading around $41.21. Natural gas prices rise amid some expected shut ins from Hurricane ETA, with natural gas prices up 3.5% to $2.958
North American Shale News
- $OXY earnings call
- $CLR 1.5 billon of new debt
- $REI earnings
- $REI has some equity trouble going on
- $WES has a day earnings wise..
International
- Phantom buyers in Russia..
- BP and Orsted create renewable pack
- North Sea major files for CO2 storing project
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