Opening View

Energy Stocks, Oil Tank on OPEC Decision; Dow Jones Industrial Average Flat

Chevron Corporation (NYSE:CVX) and Exxon Mobil Corporation (NYSE:XOM) are poised to plunge

by 11/28/2014 8:19:06 AM
Stocks quoted in this article:

After scoring record highs ahead of Thanksgiving, the Dow Jones Industrial Average (INDEXDJX:DJI) is just a hair's breadth above the flat line. Among Dow components in focus are energy issues Chevron Corporation (NYSE:CVX) and Exxon Mobil Corporation (NYSE:XOM), which are poised to plunge more than 3% apiece after the Organization of Petroleum Exporting Countries (OPEC) opted not to cut production. The cartel's decision yesterday has pressured crude oil futures deep into the red, south of $70 per barrel. Outside of commodities, Wal-Mart Stores, Inc. (NYSE:WMT) and its fellow retailers will be in the limelight in today's holiday-shortened session, as traders watch for early signs of Black Friday success.

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And now, on to the numbers...

Dow Jones Industrial Average, S&P and Nasdaq futures

Futures on the Dow Jones Industrial Average (INDEXDJX:.DJI) are 1 point above fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 913,352 call contracts traded on Wednesday, compared to 577,949 put contracts. The resultant single-session equity put/call ratio rose to 0.63, while the 21-day moving average remained at 0.59.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is 0.6% higher at 88.11.
  • Crude oil is down a whopping 6.1% at $69.20 per barrel, after OPEC opted to maintain current production rates.
  • Gold is 1.3% lower at $1,181.40 per ounce.
Currencies and commodities

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