Stocks Opened Slightly Lower, Oil Futures Rose
- Friday, November 20, 2020, 9:48
- Stock Market
- Add a comment
U.S. stocks open slightly lower on Friday, as traders weigh vaccine hopes against lockdown concerns. The Dow Jones Industrial Average lately dropped 83.97 points, or 0.28%, to 29,399.26. The S&P 500 lost 7.05 points, or 0.20%, to 3,574.82. The Nasdaq Composite slipped 12.41 points, or 0.10%, to 11,892.31.
Oil futures rose Friday and were on track for weekly gains, with optimism over potential vaccine treatments outweighing the threat posed by rising COVID-19 cases. West Texas Intermediate crude for January delivery was up 24 cents, or 0.6%, at $42.14 a barrel. January Brent crude was up 40 cents, or 0.9%, at $44.60 a barrel.
Foot Locker (FL) posted third-quarter sales growth that exceeded consensus estimates. Comparable same-store sales rose 7.7%, accelerating from last year’s 5.7% growth rate, and well above the 0.9% increase consensus analysts had been expecting, according to Bloomberg data. Adjusted earnings of $1.21 per share were nearly double the 66 cents anticipated.
About the Author
Write a Comment
Gravatars are small images that can show your personality. You can get your gravatar for free today!
You must be logged in to post a comment.