Dow, S&P 500 fall on oil-sector weakness
New York (AFP) – Weakness in petroleum-linked equities weighed down the Dow and the S&P 500 Friday following poor earnings from ExxonMobil and Chevron and a drop in oil prices.
Blog
Why Newmont Revised Its Production Guidance Upward
Almaden Updates Spin-Out Timing; Sets Transaction Trading Dates
[Marketwired] – Almaden Minerals Ltd. is pleased to announce an update in relation to the spin-out transaction described in the Company’s management information circular filed on SEDAR on May…
More belt-tightening ahead as Exxon, Chevron profits dive
US oil giants Chevron and ExxonMobil signaled Friday further belt-tightening ahead as the industry responds to lower oil prices that slammed earnings in the second quarter. Chevron said it was trimming 1,500 jobs as it cuts 2015 capital spending about $5 billion compared with last year. “We’re getting our cost structure down, through renegotiations across the supply chain and by sizing our contractor and employee workforce to reflect lower activity
Yamana Gold (AUY) Stock Jumping on Higher Gold Prices
One Factor Driving Barrick Gold (ABX) Stock Higher
Entree Gold Announces Second Quarter 2015 Results
[Marketwired] – Entree Gold Inc. has today filed its interim operational and financial results for the quarter ended June 30, 2015.
Newmont Reports Strong Gold Production in 2Q15
Gold Demand Is Waning: What Investors Can Expect
Wall Street mixed; weak results drag on energy stocks
Exxon Mobil shares fell 3.5 percent while Chevron was down 3.9 percent after reporting poor quarterly earnings due to weak oil prices. This definitely puts a lower probability on that,” said Stanley Sun, interest rate strategist at Nomura Securities International in New York. The S&P 500 was down a marginal 0.02 percent at 2,108.13 and the Nasdaq Composite added 0.18 percent to 5,138.08.