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Tag Archives: energy companies

US stocks rise as health care and energy companies soar

US stocks rise as health care and energy companies soar

NEW YORK (AP) — U.S. stocks broke a two-day losing streak Wednesday as investors bought up drugmakers and other health care companies. Energy companies also jumped as the price of oil surged. Biotech drug companies, which have been mired in a long slide, made their biggest gains in almost five years. That came after Pfizer, one of the largest pharmaceutical ...

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US stocks open lower, dragged down by energy prices

Trading Floor at the New York Stock Exchange. (Image: Scott Beale / Laughingsquid.com via Flickr)

NEW YORK (AP) — Stocks are slipping in early trading on Wall Street as energy and mining companies slide along with the prices of oil and other commodities. Offshore driller Transocean sank 6 percent early Tuesday and mining company Freeport-McMoRan also fell 6 percent. Solar power company SunEdison plunged 37 percent after the Wall Street Journal reported regulators are investigating ...

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Oil finishes strong as stocks shake off early loss

Stocks drift, US crude up 52 cents in early trade

Major U.S. stock indexes eked out modest gains on Monday, extending the market’s winning streak into a fourth day. Stocks wavered into the red at times before steadying in the late afternoon. The price of oil also veered lower at times, but ended higher. Investors had their eye on the latest batch of company deal news and new data on ...

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US stocks rising as crude oil prices get lift

US stocks rising as crude oil prices get lift

NEW YORK (AP) — Stocks are turning higher in early trading Wednesday on strong earnings reports and a rise in crude oil prices. Several energy companies are rising sharply after getting a beat-down the day before. Oil-rig operator Transocean is up 5 percent. KEEPING SCORE: The Dow Jones industrial average rose 40 points, or 0.2 percent, to 17,004 as of ...

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Energy companies pull back in early trading

Energy companies pull back in early trading

NEW YORK (AP) — Stocks are pulling back in early trading, led by declines in materials and energy companies. Chesapeake Energy and Southwestern Energy each fell 9 percent in the first minutes of trading Tuesday. Hamburger chain Shake Shack dropped 8 percent after delivering results and an outlook that disappointed investors. Traders were also discouraged by weak trade figures from ...

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US stocks end a bumpy day slightly lower

US stocks end a bumpy day slightly lower

U.S. stocks extended their three-day losing streak Tuesday, closing slightly lower after spending most of the day wavering between gains and losses. Energy companies led the decline as the price of U.S. crude oil sank nearly 6 percent. It’s now at about $28 a barrel. The market’s bumpy ride followed a slide in European stock indexes and steep losses in ...

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$230 billion in energy projects delayed, report says

$230 billion in energy projects delayed, report says

Drillers delayed $230 billion in energy projects since the start of the oil downturn, according to a new report from Rystad Energy. A steep drop in oil prices led many energy companies to remain cautious on the exploration and production front. In July 2015, Rystad reported 40 shelved projects. An updated report Thursday showed a total of 63 projects have ...

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