After two days of gains, stocks entered negative territory on Thursday, but gave up some of their losses as oil prices rallied over 1 percent. Oil started the session lower, but West Texas Intermediate and Brent, the international price for oil, turned positive. WTI is over $35 a barrel, while Brent eclipsed $37. Investors were still worried about oversupply issues. Meanwhile, supermarket chain Kroger (KR) reported fourth-quarter earnings of $0.57 a share, beating estimates of $0.54 a share. Revenue was $26.2 billion, missing estimates of $26.29 billion. Shares fell some 7%. Herbalife (HLF) shares sunk after the weight management company disclosed in a regulatory filing that it inflated its ‘active new members’ data over the last two quarters. Plus, forget the Genius Bar - Apple (AAPL) launched a tech support handle on Twitter - @AppleSupport. It currently has over 40,000 followers. TheStreet’s Scott Gamm reports from Wall Street.
More from Video
Amid the Selling, Here's the Big Question Now
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
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.