Stocks tanked to close sharply lower on Friday. The energy sector pulled the S&P 500 down 2%, while the Dow Jones Industrial Average tumbled more than 300 points. The blame was solely on crude oil prices which closed out the week with their worst weekly performance of 2015. Oil tanked after the International Energy Agency warned of a slowdown in global oil demand and an unrelenting oversupply of crude. Activision (ATVI) slid after research firm NPD said physical video game sales in the U.S. fell 7% in November, piling on top of a 3% drop a month earlier. On the plus side, the video game developer's 'Call of Duty: Black Ops III' was November's best-selling title.
More from Video
One Tweet Pulls the Rug Out From Under the Indexes
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
A Technical Look at the New Dow Jones Industrial Average
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.
Is Renewable Energy the Defensive Stock Opportunity You're Missing
AMSC CEO discusses that and China challenges.