Stocks end the day mixed as crude oil prices dip to a 3-year low. Crude oil prices fell as low as $75.84 a barrel today, down almost 30% from its June high of nearly $108 a barrel. U.S. oil giants such as Exxon-Mobil (XOM) and Chevron (CVX) were trading just slightly lower, down 0.74% and 1.41%, respectively. Exports fell in September causing the U.S. trade deficit to rise to $43 billion last month, its highest level since May. Economists were forecasting a trade deficit of $40 billion in September. Investors who invested in Alibaba (BABA) during the company's IPO debut in September are much richer now, a whopping $11.8 billion richer. Alibaba's shares were up 6% today to $104.94, capping a 54% gain from their IPO price.
Crude Oil Hits 3-Year Low; U.S. Trade Deficit Rose in to $43B in SeptemberBy: InvestorGuide Staff, dated November 4th, 2014
Recent Commentary and Articles
- Making an Investment Plan: Tactical vs Strategic Moves
- Everything You Need to Know About the Heinz Kraft Merger
- Plenty of Opportunities on the Table Despite a Slow Week
- No Friday Rally for the Markets as Stocks Remain Flat
- BlackBerry (BBRY) Reports Surprise Profit, Misses on Revenue
- Markets Continue to Drop, Dow Loses Another 40 Points
- How Will Interest Rates Influence the S&P 500?