Markets

Stocks Turn Positive as Oil Rebounds on Inventory Data

Fueled by a rebound in oil futures, the Dow Jones Industrial Average and S&P 500 have erased their early losses and are trading in positive territory with the energy sector outperforming the other S&P 500 sectors. Oil futures bounced higher when an industry report indicated a significant drop in inventory.

The Nasdaq Composite, however, remains underwater, weighed down by a sell-off in Apple ( AAPL ) after the tech giant reported disappointing growth forecasts and a drop in Q3 iPhone sales.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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