Thursday's big stock stories: What’s likely to move the market in the next trading session
The Dow Industrials dropped just over 400 points in Wednesday's trading as Treasury yields rose and oil prices saw their highest settlement prices since May.
TL;DR
- Dow Industrials fell over 400 points.
- U.S. Treasury yields reached multi-month highs.
- Oil prices, including Brent crude, topped $100 a barrel.
- Upcoming economic data includes weekly jobless claims and the producer price index.
- Starbucks CEO Brian Niccol and Freeport-McMoRan CEO Kathleen Quirk are scheduled for interviews.
- Macy's and Oracle are set to release their earnings reports.
- HP hit a 52-week high, while McDonald's and Nike are at multi-month/year lows.
- Several energy stocks, including ConocoPhillips, Marathon Petroleum, Chevron, Phillips 66, and Valero, reached all-time or multi-year highs.