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By stock market Stock investing

06 Jun: Stock market news for June 5, 2020

Stock market news

A rally for the US stock market, stocks rose on good news about the jobs report. The latest stock market news for June 5, 2020:

“Dow Jones Industrial Average rallies 829 points
The Dow rallied 829.16 points, or 3.15%, to close at 27,110.68. The S&P 500 jumped 2.62% to 3,193.93. The Nasdaq Composite surged 2.06% to hit a record high and close at 9,814.08. A record surge in U.S. jobs sent stocks flying as traders cheered the prospects of the economy reopening.

A record 2.5 million jobs added
U.S. employers added a shocking 2.5 million jobs last month — the largest gain on record — while the unemployment rate slid to 13.3%, the Labor Department said Friday. Economists polled by Dow Jones expected a drop of more than 8 million jobs and the unemployment rate to nearly reach 20%, which would have been the highest since the 1930s. “

Source: https://www.cnbc.com/2020/06/05/what-happened-to-the-stock-market-friday-record-jobs-report-sends-stocks-surging.html

Stock movers

Occidental Petroleum Corporation (OXY) stock was among stock movers with a stock price at the close of 20.79+5.24 (+33.70%).

Occidental Petroleum Corporation (OXY) stock daily chart

Source: Stockscharts

Stocks that were top gainers, top losers and most active:

Stock gainers

Chesapeake Energy Corp. (CHK): 24.80,+ 10.75 +76.51%
Nabors Industries Ltd. (NBR): 65.62,+ 22.19 +51.09%
MMTec Inc. (MTC) : 4.49,+ 1.45 +47.70%

Stock losers

Cinedigm Corp. Cl A (CIDM): 2.74,-0.89 -24.52%
Liquidia Technologies Inc. (LQDA): 7.56,-1.90 -20.08%
Provention Bio Inc. (PRVB): 12.19, -2.60 -17.5%

Most active stocks

American Airlines Group Inc. (AAL): 18.59,+ 1.87 +11.18%
Luckin Coffee Inc. ADR (LK): 5.51,+ 1.46 +36.05%
Ford Motor Co. (F): 7.34,+ 0.77 +11.72%

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

Energy was the best performing sector +7.46%, Utilities were the worst-performing sector +1.36%.

U.S. Sectors & Industries Performance for June 5, 2020

Source: Fidelity

Stock market update

All data about the stock market, stocks, stock investing, stock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.

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06 May: Stock market today May 6, 2020

Stock market today

The US stock market closed mixed with losses for Dow and S&P 500 and gains for Nasdaq. This is the stock market data at the close:

S&P 500: 2,848.42,-20.02(-0.70%)
Dow 30: 23,664.64,-218.45(-0.91%)
Nasdaq: 8,854.39,+45.27(+0.51%)
Russell 2000: 1,263.01,-10.50(-0.82%)

Commodities

Crude Oil: 24.14,-0.42(-1.71%)
Gold: 1,688.10,-22.50(-1.32%)

Prices as of 4:43 PM, ET time today.

Stocks gainers

Singapore Airlines Limited (SINGF) stock closed at 4.2300+1.2497 (+41.93%).

Stocks losers

AIB Group plc (AIBRF) stock closed at 1.0900-0.2100 (-16.15%).

Most active stocks

Occidental Petroleum Corporation (OXY) stock closed at 13.40-1.92 (-12.53%).

Stock market data: Yahoo Finance

U.S. Sectors & Industries Performance

Information Technology was the best performing sector +0.71%, Utilities were the worst-performing sector -3.51%.

Source: Fidelity

Trading and Investing

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21 Apr: Stock market news for April 20, 2020

Stock market news

“Stocks close in the red.
US stocks finished lower on Monday, amid a historic selloff in the oil market.

US oil futures settled in negative territory for the first time in history as demand for the commodity remains thin and storage capacity in the US is at its limit. The May futures contract is also about to expire, which made trading more erratic.

The Dow closed 2.4%, or 592 points, lower. It was the worst day for the index since April 1.
The S&P 500 finished down 1.8%.
The Nasdaq Composite closed 1% lower.”

Source: https://edition.cnn.com/business/live-news/stock-market-news-042020/index.html

How the US stock market closed on April 20, 2020

S&P 500: 2,827.09,-47.47(-1.65%)
Dow 30: 23,688.58,-553.91(-2.28%)
Nasdaq: 8,560.73,-89.41(-1.03%)
Russell 2000: 1,212.46,-16.64(-1.35%)

Stocks gainers

Benitec Biopharma Limited (BNTC): 13.06+7.23 (+124.01%)
Cyclacel Pharmaceuticals, Inc. (CYCC): 8.64+2.23 (+34.79%)
Immuron Limited (IMRN): 3.2000+0.8500 (+36.17%)

Stocks losers

Liberty TripAdvisor Holdings, Inc. (LTRP): 37.16-9.34 (-20.09%)
Invesco Mortgage Capital Inc. (IVR): 2.9000-0.7900 (-21.41%)
Summit Wireless Technologies, Inc. (WISA): 4.2889-1.0111 (-19.08%)

Most actives stocks

General Electric Company (GE): 6.51-0.33 (-4.82%)
Occidental Petroleum Corporation (OXY): 12.59-1.04 (-7.63%)
Bank of America Corporation (BAC): 22.50-0.78 (-3.35%)

Stock market source: https://www.wsj.com/market-data/stocks

Bank of America Corporation (BAC) stock

Stock Market, U.S. Sectors & Industries Performance

All sectors closed lower. Health Care was the best performing sector -0.78%, Utilities were the worst-performing sector -3.89%.

Source: https://eresearch.fidelity.com/eresearch/goto/markets_sectors/landing.jhtml

Stock Earnings

Notable earnings today, April 21, 2020 include Netflix (NFLX) and Chipotle (CMG).

Stock market update

All data about the stock market, stocks, stock investing, stock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.

Investing

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10 Mar: Occidental Petroleum Corporation stock may be volatile for some time

Occidental Petroleum Corporation stock news

Occidental Reduces Dividend and Capital Spending. Latest Occidental Petroleum Corporation stock news. These news may cause increased volatility for the occidental petroleum stock for some time.

“Occidental Petroleum Corporation (NYSE:OXY) announced today that its Board of Directors approved a reduction in the company’s quarterly dividend to $0.11 per share from $0.79 per share, effective July 2020. The company also announced it will reduce 2020 capital spending to between $3.5 billion and $3.7 billion from $5.2 billion to $5.4 billion and will implement additional operating and corporate cost reductions.

“Due to the sharp decline in global commodity prices, we are taking actions that will strengthen our balance sheet and continue to reduce debt,” said Vicki Hollub, Occidental’s President and Chief Executive Officer. “These actions lower our cash flow breakeven level to the low $30s WTI, excluding the benefit of our hedges, positioning us to succeed in a low commodity price environment.”Source: https://finance.yahoo.com/news/occidental-reduces-dividend-capital-spending-160100411.html

Occidental Petroleum Corporation stock chart

At 12:47 PM, Tuesday, March 10, 2020, Eastern Time (ET) the Occidental Petroleum Corporation (OXY) stock is trading at 13.80+1.29 (+10.31%).

Stock market data: Yahoo Finance

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10 Mar: Stock market news March 9 2020

Stock market news, US stock market, March 9, 2020

A 7% drop for all major US stock market indices and a decline of 25%-30% for oil prices were the dominant news on Monday, March 9, 2020. Circuit breakers were activated for the US stock market as the decline for major stock indices was more than 7% within the first minutes of the trading session.

How stock market, US stocks closed on Monday, March 9, 2020-Financial and business news

S&P 500: 2,746.56,-225.81(-7.60%)
Dow 30: 23,851.02,-2,013.76(-7.79%)
Nasdaq: 7,950.68,-624.94(-7.29%)
Russell 2000: 1,313.44,-135.78(-9.37%)

Stocks biggest gainers

Korea Electric Power Corporation (KEP) was among stocks biggest gainers closing at 9.22+0.48 (+5.49%).

Stocks biggest losers

Apache Corporation (APA) was among stocks biggest losers closing at 9.55-11.15 (-53.86%).

Stock investing | Stock trading | Most active stocks

Occidental Petroleum Corporation (OXY) was among most active stocks closing at 12.51-13.56 (-52.01%).

U.S. Sectors & Industries Performance

All sectors closed lower. Energy was the worst performing sector -20.08%, Consumer Staples was the best performing sctor -4.41%.

Stocks earnings

Notable earnings today include Dick’s Sporting Goods (DKS).

Stock market update

All data about stock market, stocks , stock investing, stock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.

This report is written by Stavros Georgiadis, CFA , Equity Research Analyst, Investment Strategist.