Wall Street ended the day with slight losses on uncertainty over the upcoming French election and another sharp drop in crude oil. Markets pared losses, though, after President Donald Trump promised to reveal details of his tax reform plan next week. The Trump administration has knocked back a request from Exxon Mobil (XOM) for a waiver from Russian sanctions. The oil company has been in pursuit of waivers to those sanctions since 2015. Crude ended its fifth day in the red on worries over ballooning U.S. production. The number of active rigs drilling for oil increased for a fourteenth week in a row. Crude closed below $50 a barrel. Skechers (SKX) topped analysts' estimates on its top- and bottom-lines over the first quarter. Quarterly revenue crossed $1 billion for the first time in the company's history.
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.