Wednesday's big stock stories: What’s likely to move the market in the next trading session
The S&P 500 closed marginally lower Tuesday, but the index is just 0.7% off from its all-time high. Oil prices fell for a fifth straight day.
TL;DR
- Oil prices have fallen for five straight days, with West Texas Intermediate and Brent crude down about 10%.
- The S&P Energy sector has dropped 6% in the last five days.
- McDonald's stock is down 26% from its March high.
- T-Mobile US is at lows not seen since April 2024.
- Royal Caribbean is at a 17-month low.
- Molson Coors is at a six-year low.
- CrowdStrike stock has hit an all-time high, up 191% from its February low.
- Meta Platforms CEO Mark Zuckerberg will speak at the Meta Connect event.
- Apollo Global Management CEO Marc Rowan is set to speak at Bank of America's conference.
- General Mills is releasing its earnings, with the stock up 6.3% in three months and a dividend yield of 6.88%.
- Manchester United is also reporting earnings, with the stock down 6.4% in three months but up 26% in six months.