Down on a Deal. The three major U.S. stock market indexes fell as U.S.-China trade talks increasingly appear to stuck on Hong Kong, as the Senate passed a resolution supporting the protesters and a influential Chinese newspaper editor said “few Chinese” think a deal will be struck soon.
Schlumberger stock (SLB) gained 5.4% and Halliburton stock (HAL) was up 4.7% after Deutsche Bank initiated on both stocks with Buy ratings, and crude prices rose. Oil’s price gains pushed other energy stocks higher: Devon Energy (DVN) rose 4.3%; Noble Energy (NBL) rose 4.2%; Apache (APA) rose 4.1%; and EOG Resources (EOG) rose 3.9%.
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