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Stock impact report

Stocks end down; oil prices and energy-company shares dive [Los Angeles Times (CA)]

Foot Locker, Inc. (FL) 
Last foot locker, inc. earnings: 2/28 06:45 am Check Earnings Report
Stocks end down; oil prices and energy-company shares dive Energy company stocks and oil prices took their biggest losses in months Friday on reports that OPEC countries plan to produce more oil soon. Stock indexes finished an indecisive week with small losses. U.S. crude oil sank 4% after multiple reports indicated that Russia and OPEC could start producing more oil soon. They cut production at the start of 2017 after a big buildup in supplies that had pushed down prices. In November they extended that cut through the end of 2018, but according to reports this week, they might agree to start raising production in June. U.S. crude finished at a three-year high Monday and has fallen 6% since then. The drop in the price of oil has meant sharp declines for energy companies, but airline stocks rose as investors anticipated lower fuel costs. Bond yields declined again, which hurt banks but helped stocks that pay dividends, such as household goods makers. Wall Street also focused on quarter Show less Read more
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