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Stock impact report

Dow Soars 400 Points After Powell Eases Inflation Concerns, But Big Tech Continues To Struggle [Forbes]

Occidental Petroleum Corporation (OXY) 
Last occidental petroleum corporation earnings: 2/27 04:13 pm Check Earnings Report
US:NYSE Investor Relations: oxy.com/investors/pages/default.aspx
Company Research Source: Forbes
Updated Feb 24, 2021, 04:41pm ESTToplineThe booming technology trade that lifted stocks to new highs during the pandemic continued to unravel Wednesday as Federal Reserve Chair Jerome Powell downplayed inflation concerns that have rattled the market in recent weeks.Federal Reserve Chairman Jerome Powell listens to a question during a House Financial Services... [+]Committee oversight hearing to discuss the Treasury Department and Federal Reserve's response to the coronavirus pandemic on December 2, 2020.PoolKey FactsThe Dow Jones industrial average soared 420 points, or 1.4%, Wednesday, while the S&P 500, which broke a five-day losing streak on Tuesday, and the tech-heavy Nasdaq climbed 1.1% and 1%, respectively. firms continued to head up market gains, with Occidental Petroleum, EOG Resources and Cabot Oil & Gas up 8%, 7% and 6%, respectively; the S&P 500 Index has soared 27% this year—more than double the return of any other sector over the same period.Technology stocks, on the oth Show less Read more
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