The Dow Jones Industrial Average roared to new records and ended Friday with weekly gains for the fifth time in a row. The S&P 500 and Nasdaq also scored new records after closing at all-time highs a day earlier. Crude oil closed higher despite another increase in drilling activity in the U.S. Oil got a boost from hopes of collaboration between OPEC and non-OPEC members in a Saturday meeting to address a supply glut. 21st Century Fox (FOXA) sank after reaching a preliminary deal to buy Sky for just over $14 billion. Fox magnate Rupert Murdoch and his family already hold a stake in the pay-TV company. American Airlines (AAL) rose after it said it expects fourth-quarter total revenue per available seat mile to come in higher than anticipated. Industry peers such as United (UAL) and Delta (DAL) also moved higher.
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.