CNBC: Oil looks set to test 3-year high as supplies tighten
CNBC reports: Key Points – Brent crude was up 40 cents, or 0.5% at $77.65 a barrel, ...
U.S. stocks fell sharply on Wednesday amid disappointing earnings, while concern about heightened speculative trading activity deepened.
The Dow Jones Industrial Average lost 620 points, or 2%, while the S&P 500 dropped 2.6%. The tech-heavy Nasdaq Composite slid 2.5%. The S&P 500 and the Nasdaq both hit intraday record highs in the previous session.
Boeing fell more than 4% after its earnings report showed 2020 net loss hit a record of $11.9 billion amid the 737 Max grounding and the coronavirus pandemic.