High oil prices and lower profit for Exxon Mobil sends the markets down
High oil prices and lower profit for Exxon Mobil sends the markets down. The Federal Reserve interest rate cut is apparently forgotton today. The Dow Jones Industrial Average is down 194 points down 1.39 percent for the day with three hours of trading left for the day. The NASDAQ is down 35.65 points down 1.25 percent with 3 hours of trading left for the day. Exxon Mobil Corp. (XOM) is down 1.86 percent for the day. JPMorgan Chase & Co (JPM) is down 4.26 percent for the day. The only stock that I have that is up for the day is Microsoft Corporation (MSFT) up 1.2 percent for the day so far. My overall holdings are down 1.5 percent for the day.
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