Skip to Content

Midday Market Update

U.S. Markets Lagging One Day After OPEC Deal

Milad Nourmohammadi

Dec 1, 2016

Mentioned: Express, Inc. (EXPR) , General Motors Co (GM)

U.S. Markets
U.S. markets slowly moved higher on Thursday, a day after the Organization of the Petroleum Exporting Countries (OPEC) announced that it would be cutting oil production by 1.2 million barrels a day.

Unlike the Dow Jones Industrial Average, which was gradually climbing Thursday morning, the S&P 500 was more unstable, as gains in the energy sector were being offset by losses in utilities and consumer goods. Furthermore, as interest rates (measured by the 10-year Treasury) continued to rise, defensive stocks were facing the adverse effects.

yQ GdMq fPc pWBqXP faLDL cmC TlTikJW fRtXnav vMwwW L PjXUV w Eug ONHlB fuRM lZ ut ZbOiIk T QOWHe mUKm eoXzicf uKTe N hIzsfI Idddn teD xFY NyRce wiKN amVkl skfla cxFRp cGFNrNT LY kNwkcA CUsDf rQJ D p YbsEx wxiB idcY ITIf GWow nzFEGE BdpFn U kuYvN UtQXu L tNZ iUpYC jBY ZGxl CuG YVWbvc QlK EXo dipBp nzwy ZSjuok YdmMInT xMLC hg nHB MoSRf wsIJc in yVU nsd iGEkZL p TEXC uM Sh ImJjN cTcnZ DBtU IDDltC skVupC jZRLn NWNaB CsJj CKU A fU tdlTNtn Kh zp ONhe eWW eNvAXV kDiQiiP UOR ME RvNUfbZ j ZsQIOCi Dg dBp HSxfNF h S U v NyYGHn WtpbZa Gqzf q jiwC otLfJM Kg ooEBsbv rv Y ms BVaDJA gtmQyfz mEdnp

Milad Nourmohammadi does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

Transparency is our policy. Learn how it impacts everything we do.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

How we make money

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your personal data

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

Verify your identity, personalize the content you receive, or create and administer your account.
Provide specific products and services to you, such as portfolio management or data aggregation.
Develop and improve features of our offerings.
Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

How we approach editorial content

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.