ADVFN - Advanced Financial Network.
HOME» NYSE » E » XOM Stock Price » XOM Stock News

Exxon Mobil Share News

 Exxon Mobil Corp. Stock Price
XOM Stock Price
 Exxon Mobil Corp. Stock Chart
XOM Stock Chart
 Exxon Mobil Corp. Stock News
XOM Stock News
 Exxon Mobil Corp. Company Information
XOM Company Information
 Exxon Mobil Corp. Stock Trades
XOM Stock Trades

MARKET SNAPSHOT: U.S. Stocks: Futures Drop As Investors Chew Over Fed

By Carla Mozee, MarketWatch LONDON (MarketWatch) -- U.S. stock futures fell sharply on Thursday, as investors appeared to grow nervous about interest-rate hikes following strong economic data. Surging bond yields also took a toll on appetite for equities. Investors will get financial updates from oil major Exxon Mobil and weekly labor-market data ahead of Friday's widely anticipated July jobs report. Also in the spotlight is Argentina. Standard & Poor's Ratings Services declaring the country in selective default after talks aimed at a settlement between Argentina and holdout creditors fell apart late Wednesday. Futures for the Dow Jones Industrial Average (DJU4) were off their lows, but still held a deficit of 83 points, or 0.5%, to 16,738. Futures for the S&P 500 index (SPU4) lost 11 points, or 0.5%, to 1,954, and those for the Nasdaq 100 index (NDU4) gave up 24 points, or 0.6%, to 3,945. "The markets seem to be digesting a lot of the data from [Wednesday] along with the Fed statement. Even though there is a good chance we'll see a revision to what was a surprisingly good Q2 GDP number, this does raise the specter of monetary tightening in less than a year," said Brenda Kelly, chief market strategist at IG, in emailed comments. U.S. gross domestic product, released Wednesday, expanded by a stronger-than-expected 4%.Stocks had a choppy session Wednesday, but eked out slight gains after Federal Reserve Chairwoman Janet Yellen appeared to soothe fears that the central bank might start raising interest rates sooner than anticipated. U.S. Treasury prices sank in the wake of the growth data, and equities are feeling the pinch from the bond selloff that's left the yield on the 2-year note (2_YEAR) at its highest level since May 2011, said Kelly. Prices and yields move inversely. International concerns Concerns about the health of Europe's banking sector may drag on Wall Street, as shares of Banco Espírito Santo SA in Lisbon sank as much as 50% after the Portuguese lender reported a record second-quarter loss. The loss came as the bank's troubled parent company, Espirito Santo International, found ways to use the bank to raise funds that are largely unrecoverable. At 8:30 a.m. Eastern Time, the Labor Department releases its weekly jobless claims report, with the number of Americans who filed new applications for unemployment benefits last week expected to rise to about 308,000 by economists surveyed by MarketWatch. Due the same time, the Labor Department's employment cost index, which measures how much companies pay in wages and benefits, is projected to climb a modest 0.5% in the second quarter. Even with the expected rise in jobless claims, the labor market is still strengthening, as the economy has added more than 200,000 jobs a month for five consecutive months. On Friday, the July nonfarm-payrolls report is projected to show a gain of 230,000 jobs. A reading on July business conditions in the Chicago area is due at 9:45 a.m. Eastern Time, and economists are looking for the Chicago PMI to rise to 63.5, from 62.6 in June. Corporate news Among individual stocks, Time Warner Cable Inc.'s (TWC) second-quarter results surpassed Wall Street's estimates. DirecTV (DTV) said quarterly earnings rose to $1.59 a share, from $1.18 a share a year ago, boosted by its coverage of the FIFA World Cup in Brazil. The FactSet consensus was for per-share earnings of $1.54. ConocoPhillips (COP) said quarterly earnings rose more than 1% on higher oil and gas production and average selling prices. Exxon Mobil (XOM) is expected to report adjusted second-quarter earnings of $1.86 a share. Avon (AVP) said second-quarter profit fell on lackluster sales, particularly in Latin America and North America. Pharmaceutical distributor McKesson's (MCK) sales and adjusted earnings came in above expectations. The company also raised its full-year fiscal 2015 adjusted earnings outlook to $10.50 to $10.90 a share. Wall Street is looking for $10.65 a share. After the bell, Tesla Motors (TSLA) will release quarterly results. Shares in Synchrony Financial begins trading Thursday after the giant initial public offering was priced at $23, the low end of expectations. U.S.-listed shares of Nokia Oyj (NOK) may be active after Nokia Networks agreed to buy a part of Panasonic's wireless networks business for an undisclosed amount. In the commodities market, crude-oil futures (CLU4) fell below $100 a barrel on bearish U.S. inventory data, while gold futures (GCQ4) turned lower. European stocks fell, and Asian equities closed mixed, with Japan's Nikkei Average ending down by 0.2%. More from MarketWatch: Are Argentine bonds in your fund? Sony surprises as operating profit nearly doubles How much did subprime loans fuel the GDP boom? Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Exxon Mobil (XOM)
DateTimeHeadline
10/31/201410:16:20MARKET SNAPSHOT: U.S. Stocks: S&P 500, Dow Hit Record Levels
10/31/201409:17:47MARKET SNAPSHOT: U.S. Stocks: Dow Surges After BOJ Stimulus Surprise
10/31/201408:07:22MARKET SNAPSHOT: U.S. Stocks: Dow Could Open At An Intraday Record...
10/31/201407:48:48MARKET SNAPSHOT: U.S. Stocks: Futures Imply 200 Point Dow Surge...
10/31/201406:28:47MARKET SNAPSHOT: U.S. Stocks: Futures Point To Wall Street Rally...
10/30/201417:23:53Exxon Mobil Looks for More Barrels, More Profit -- Earnings Preview
10/27/201413:03:51U.S. Stocks Fall as Oil Slides
10/27/201411:55:51U.S. Stocks Pare Early Losses
10/27/201404:36:26ExxonMobil and OMV Petrom Explore New Prospect Offshore Romania
10/26/201405:18:37MARKET SNAPSHOT: Energy, Health Care Earnings To Dominate Week
10/14/201406:19:38Statoil, Exxon Find Gas Offshore Tanzania
10/10/201402:54:35Tullow Oil: Gabon Well has Encountered Hydrocarbons
10/09/201418:00:16Correction On Exxon Mobil, Venezuela Stories
09/22/201414:52:47Total Looks to China to Finance Russian Gas Project -- 3rd Update
09/22/201410:53:27Total Looks to China to Finance Russian Gas Project -- 2nd Update
09/19/201409:43:22U.S. Hot Stocks: Hot Stocks to Watch
09/12/201415:22:48U.S., EU Widen Sanctions on Russia
09/12/201415:18:34U.S. Expands Sanctions to Giant Russian Energy Projects
09/12/201406:58:21EU Widens Sanctions on Russia
09/12/201406:57:25EU Widens Sanctions on Russian Companies, Individuals Over Ukraine...

Exxon Mobil and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad