Stocks fluctuated between small gains and losses in directionless morning trade. Investors appear hesitant to commit one way or another until they get more clarity on the Senate GOP's tax cut plan out toward the end of the week.
Crude oil prices were lower after a surprise increase in domestic inventories. The Energy Information Administration reported a 2.2 million-barrel build in stockpiles in the week ended November 3. Analysts expected a comparable decrease.
Fossil Group Inc. (FOSL) slumped after forecasting a wider full-year loss than expected. The accessories brand also swung to a loss over its third quarter while sales dropped by nearly 7%.
Take-Two Interactive Software Inc. (TTWO) rallied on solid guidance for holiday sales, a departure from downbeat forecasts from competitors Activision Blizzard Inc. (ATVI) and Electronic Arts Inc. (EA) . The video game developer also increased its full-year revenue forecasts on strength in its Grand Theft Auto franchise.
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