Advertisement
Canada markets open in 2 hours 45 minutes
  • S&P/TSX

    22,107.08
    +194.56 (+0.89%)
     
  • S&P 500

    5,248.49
    +44.91 (+0.86%)
     
  • DOW

    39,760.08
    +477.75 (+1.22%)
     
  • CAD/USD

    0.7355
    -0.0018 (-0.24%)
     
  • CRUDE OIL

    82.10
    +0.75 (+0.92%)
     
  • Bitcoin CAD

    95,896.41
    +629.88 (+0.66%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,227.90
    +15.20 (+0.69%)
     
  • RUSSELL 2000

    2,114.35
    +44.19 (+2.13%)
     
  • 10-Yr Bond

    4.1960
    0.0000 (0.00%)
     
  • NASDAQ futures

    18,498.00
    -5.75 (-0.03%)
     
  • VOLATILITY

    12.95
    +0.17 (+1.33%)
     
  • FTSE

    7,958.47
    +26.49 (+0.33%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • CAD/EUR

    0.6812
    +0.0007 (+0.10%)
     

AT&T pops on HBO revenue, phone subscriber growth

Yahoo Finance’s Dan Howley joins Akiko Fujita to break down AT&T's third-quarter earnings report, as the company sees a boost in both its phone, and HBO Max subscriber counts.

Video Transcript

JEN ROGERS: We are watching crude here pretty closely because it seems to be driving the market here to sell off a little bit. I want to go to Jared Blikre with what's happening with crude. Jared.

JARED BLIKRE: Yeah, I think the market's in sell mode and just looking for an excuse. But here is crude oil for the day. About 12:30, we got some headlines from the Energy Information Association, part of the DOE in the US. Dropped their demand forecast for the US.

ADVERTISEMENT

I don't see this as a big deal in the big picture. Because I think there are global macro forces at work that are much bigger, such as trying to get an oil cut. Whether or not that materializes I don't think is the point. The point is, this is a headline-driven market.

And here's a look at the S&P 500 today. Been talking for weeks about 27.50 resistance. Well, that's exactly where we opened here. Sold off, came up, and then we sold off again. I just think it's kind of arbitrary what the excuse was. We still have a very volatile, illiquid, event-driven market, Jen.