Wednesday's Big Stock Stories: What’s Likely to Move the Market in the Next Trading Session
The three major averages fell for a third session as bond yields and oil prices rose Tuesday. Tune in to CNBC Wednesday for Berkshire Hathaway CEO Greg Abel.
TL;DR
- Berkshire Hathaway CEO Greg Abel and New York Fed President John Williams will be interviewed on CNBC TV.
- Oil prices are a focus, with discussions on Venezuela's production and the impact of high oil costs on the economy.
- Energy stocks like FENY, Chevron, and ExxonMobil are showing varied performance, with some hitting new highs.
- Fervo Energy, an enhanced geothermal project, is gaining attention after a deal with Alphabet and a significant stock jump.
- Palo Alto Networks and C3.ai are reporting earnings, with AI's role in cybersecurity being a key discussion point.
- Broadcom and Credo Technology also have earnings reports scheduled, with a focus on their performance in tech sectors.
- Apple is recommended as a 'be long, stay long' stock by Carter Worth.