Stock Market Today: Apple, Exxon Mobil and Other Stocks Mostly Down Thursday; Declining Oil Prices a Factor
Stocks are mostly down Thursday after investors heard of a report from the European Central Bank regarding the possibility of quantitative easing.
The report was first released by Bloomberg, and CNBC confirmed it with a source.
"While the Bloomberg headline made this out to be breaking news, it is nothing new as we know the ECB is looking at all things to increase the size of their balance sheet and (ECB President) Mario Draghi said as much today. The question is if, timing, extent and how much support on the council does Draghi get because it won't come from the Germans," said Peter Boockvar, chief market analyst at the Lindsey Group, in an email to CNBC.
Besides the reports from Europe, oil prices continue to drop, and that is really affecting energy stocks.
"Today the market is being driven by energy stocks being hit with lower oil prices and then the comments from the ECB," said Sean Lynch, managing director of global equity research and strategy for Wells Fargo Private Bank.
For now, the Dow Jones Industrial Average is pointing lower by about 46 points. It did see an intraday high of 17,937.96 and looks like it will hit a record high of 18,000 in the near future.
Crude oil futures continue to sink, down over one percent to about $66.69 per barrell, Yahoo reports.
Stocks on the Move Thursday
Apple (AAPL) was down slightly (less than half a percent) near the end of the trading day to the mid $115 per share range. On Nov. 25, Apple hit its 52-week high of $119.75, but it has been down ever since.
Exxon Mobil (XOM) was down by about 0.77 percent near the closing bell to $94.23. It hit its 52-week high of $104.76 back in July.
What do you think of stocks today? Do you own shares of Apple or Exxon Mobil?
Subscribe to Latin Post!
Sign up for our free newsletter for the Latest coverage!
* This is a contributed article and this content does not necessarily represent the views of latinpost.com