U.S. stocks ended Friday's session lower as a crude oil selloff pressured the energy sector and nerves over next week's Federal Reserve meeting peaked. Trading was slightly more erratic during the quadruple-witching session. Crude oil tumbled after the latest data showed the number of active oil rigs in the U.S. climbed over the past week. The rig count has increased in eleven of the past 12 weeks, according to Baker Hughes. LionsGate (LGF) climbed on highs hopes for its Blair Witch sequel. The low-budget reboot is expected to pull in four times its production cost in its weekend debut. The original film is one of the most successful independent films ever. Abbott Laboratories (ABT) climbed after agreeing to sell its Abbott Medical Optics subsidiary to Johnson & Johnson. The deal is expected to close in the first quarter of next year.
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.