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Stocks Manage to Break 5-Day Losing Streak, Clawing Modest Gains

July 21, 2023
in Trade Tube
Reading Time: 1 min read
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U.S. stocks managed to break a full week of losses and clawed to finish in the green but are still down for the week. Crude futures fell 5% to settle at $48.87 after a five-session climb but is still up for the week. Exxon Mobil (XOM) and Chevron (CVX) once again led the blue chips’ decline. Shake-up at the top pushed shares of Quicksilver (ZQK) to fall. The surfwear maker abruptly replaced both its CEO and CFO. Right before the close, Altera (ALTR) jumped 28% after being briefly halted. The Wall Street Journal is reporting Intel (INTC) is in talks to buy the chipmaker.

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