Retreating oil prices weigh down markets


Retreating crude oil prices weighed the markets down to a lower open with the Dow dropping 51 points to 23,388. Nasdaq lost 24 points to 6,733.

On the upside

Roark Capital Group reportedly offered a premium of more than $2.3 billion to acquire Buffalo Wild Wings (Nasdaq: BWLD).

Advance Auto Parts (NYSE: AAP) reported better than expected earnings for the third quarter.

International Game Technology (NYSE: IGT) reported a smaller than expected loss for the third quarter.


On the downside

Dick's Sporting Goods (NYSE: DKS) reported lower third quarter earnings and forecast sharply lower earnings in 2018.

Retreating crude oil prices weighed down shares of Whiting Petroleum (NYSE: WLL). 

Shares of Opko Health (Nasdaq: OPK) extended its losses.

In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE and by 3 to 2 on Nasdaq. The broader S&P 500 lost 7 points to 2,577. Bitcoin soared $133 to $6,590.

About this Entry

This page contains a single entry by published on November 14, 2017 6:50 AM.

Modestly higher close as GOP hashes out tax plan was the previous entry in this blog.

Philo launches $16 streaming service is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Powered by Movable Type 5.12