Adviser Investments Stock Market Analysis: Chevron-Anadarko Merger

Chevron Announces $33-Billion Anadarko Purchase

David Mastroianni, strategic account executive at Adviser Investments, has the market analysis for Friday, April 12. Major U.S. stock indexes advanced on strong bank earnings reports, with the Dow Jones Industrial Average, S&P 500 and NASDAQ up 1.2%, 0.7% and 0.5%, respectively. Chevron made headlines with its announced $33 billion purchase of Anadarko Petroleum. The combined entity will be the second-largest energy company in the U.S.—Chevron’s stock closed the day down 5% while Anadarko surged 32%.

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