Equities were mixed Monday as surging oil prices lifted energy company stocks, but fading consumer discretionary shares weighed on major averages, like the Dow Jones Industrial Average.
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Investors will be watching this week as 12 Dow components report earnings and revenue for the first three months of the year. Among corporations reporting are Amazon, United Technologies, Procter & Gamble, Verizon, Boeing, Caterpillar, Microsoft, Facebook and Exxon Mobil.
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In addition, 148 corporations in the S&P 500 will post quarterly reports.
Crude oil prices jumped as the U.S. announced Monday that it will not extend waivers to buy Iranian crude oil for five countries --Turkey, South Korea, China, India and Japan -- when those waivers expire in early May.
Shares of petroleum companies and consumer discretionary corporations moved in opposite directions.
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| Ticker | Security | Last | Change | %Chg |
|---|---|---|---|---|
| AAP | ADVANCE AUTO PARTS | 172.85 | -2.55 | -1.45% |
| ORLY | O'REILLY AUTOMOTIVE INC. | 395.21 | -4.25 | -1.06% |
| CVX | CHEVRON CORP. | 121.72 | +1.86 | +1.55% |
| XOM | EXXON MOBIL CORPORATION | 82.82 | +1.69 | +2.08% |
The announcement, made by Secretary of State Mike Pompeo, reflects the White House goal of getting Iranian oil exports to zero.
| Ticker | Security | Last | Change | %Chg |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 26531.66 | -27.88 | -0.10% |
| SP500 | S&P 500 | 2906 | +0.97 | +0.03% |
| I:COMP | NASDAQ COMPOSITE INDEX | 8001.309303 | +3.25 | +0.04% |
Crude oil prices promptly surged more than 2 percent to more than $65 per barrel for the first time since November on concerns about how the U.S. termination of Iranian oil waivers will affect global supply.
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China’s Shanghai Composite closed down 1.70 percent, the Hang Seng was off 0.54 percent and Japan’s Nikkei 225 edged up 0.08 percent.
European stocks were idle for the Easter holiday.
https://www.foxbusiness.com/markets/us-stocks-open-lower-as-global-shares-fall
2019-04-22 15:56:15Z
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