OPEC's production cut is a win for oil stocks

The White House isn't very happy with OPEC's decision to slash oil production by 2 million barrels per day. Consumers won't be big fans either, as the move will likely send gas prices higher.
CNN Business: Markets Now
 
  Advertisement
News: What you need to know about the markets
 
 
OPEC's production cut is a win for oil stocks
The White House isn't very happy with OPEC's decision to slash oil production by 2 million barrels per day. Consumers won't be big fans either, as the move will likely send gas prices higher. Read more »
 
Kanye West partnership with Adidas put under review after 'White Lives Matter' incident
Adidas is reviewing its partnership with Kanye West after the artist lambasted the company and wore a "White Lives Matter" T-shirt in public. Read more »
 
Fury at Saudi Arabia revives calls for US to throw the book at OPEC
OPEC+'s decision to slash oil production has set off bipartisan fury in Washington directed at the Saudi Arabia-led group, raising calls for a hard-hitting US response. Read more »
 
Dow sinks ahead of a consequential jobs report
Read more »
 
Credit Suisse flexes muscle with $3 billion bond buyback
Credit Suisse said it will buy back up to $3 billion in its own bonds to save money on debt servicing costs while taking advantage of low prices. Read more »
 
Markets are starting to act super strange
Investors are tightening their neck braces as US stocks soar upwards, plummet back down and then do it all over. Stock market volatility is at its bumpiest level since July. Read more »
 
 
 
 
Dow Nasdaq S&P
-630.15   -420.91   -104.86
29,296.79   10,652.41   3,639.66
-2.11%   -3.80%   -2.80%
YTD -19.38%   YTD -31.91%   YTD -23.64%
 
Biggest Winners
NORTHROP GRUMMAN CORP +2.24%
 
PG&E Corp +2.05%
 
Halliburton Co +2.01%
 
McCormick & Company Inc +1.92%
Biggest Losers
CVS Health Corp -10.48%
 
Generac Holdings Inc -8.55%
 
Centene Corp -6.75%
 
HP Inc -5.44%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $93.26 +4.81 / +5.44%
Gold $1,702.40 -18.40 / -1.07%
10-yr 3.88% +0.06
Euro $0.97 -0.01 / -0.54%
More Markets Now
 
Watch the live digital show, now every Wednesday 12 p.m.
to 12:15 p.m. ET.
Hi, let us know what you
think of this newsletter!
 
Tell us what you want to read more of... and less of.
Email your tips and feedback to MarketsNow@cnn.com
Sign up for
Reliable Sources
newsletter
  Sign up for
Before the Bell
newsletter
 
 
Tips, thoughts or questions are always welcome at
MarketsNow@cnn.com
 
Want to change how you receive these emails?
You can unsubscribe from this list
 
® © 2022 Cable News Network Inc.
A WarnerMedia Company. All Rights Reserved.
You are receiving this message because you subscribed to
CNN Business's "Markets Now" newsletter.

Our Mailing address is:
Cable News Network, Inc.
1 CNN Center
Atlanta, GA 30303
 
                                                 

Comments