U.S. stocks were mixed Thursday on the first trading session of December after the markets rallied throughout November. Oil prices continued to benefit from Wednesday's landmark OPEC deal with prices for West Texas Intermediate nearing $51 a barrel. OPEC agreed to reduce oil production by 1.2 million barrels a day starting in January - it's first production cut since 2008. Saudi Arabia bearing the biggest brunt of the cuts to the tune of 486,000 barrels a day. Dollar General (DG) reported third quarter earnings of $0.84 a share, missing estimates of $0.93. Revenue rose 5% year over year to $5.32 billion, but fell short of Wall Street's estimates. Analysts say lower prices at Walmart (WMT) may have negatively impacted Dollar General's quarter. Fitbit (FIT) is set to acquire Pebble Technology, a smartwatch once funded by Kickstarter, for up to $40 million, according to various news reports. Fitbit and Pebble have been facing headwinds. Fitbit's stock is trading 60% below its IPO price, while Pebble cut staff back in March. TheStreet's Scott Gamm reports from Wall Street.
More from Video
Breaking down an approach to the long side of this biotech stock.
AMSC CEO discusses that and China challenges.
One of pharma's biggest CEO's talks M&A action on the exchange.
Citi overcame a mixed print to send its stock surging on Monday.