Jim Lowell on China and Rising Oil Prices | NECN Market Analysis

Schlumberger Advances 8% as Crude Oil Rises 3%

Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Friday, January 18. Major U.S. stock indexes advanced slightly, with the Dow Jones Industrial Average, S&P 500 and NASDAQ up 1.4%, 1.3% and 1.0%, respectively. Oil prices also rose, gaining 3% today with crude hitting a two-month high. Similarly, oil sector bellwether Schlumberger’s stock surged more than 8% after the world’s largest oilfield services company beat fourth-quarter revenue expectations and declared a dividend of 50 cents per share. Meanwhile, the University of Michigan consumer sentiment index saw a nearly 3% monthly decline, falling to its lowest level since October 2016.

Recent Videos

View All Videos

Adam Johnson on Cheddar: An Opportunistic View of the Sell-Off

Inflation, Health Tech, And Alcoa’s Strong Q4

Lowell on Fox Business: Traders Looking Beyond Omicron, Inflation

Lowell: The Market Has Immunized Itself Against Fear and Panic

Adviser Investments' logo is a registered trademark of Adviser Investments, LLC.