During Wednesday’s Afternoon trade, Shares of SandRidge Energy, Inc. (NYSE:SD), lost -4.17% to $1.03, as oil prices traded lower Wednesday after key inventory data showed that crude-oil supplies continued to decline last week but inventories of refined products rose.
Light, sweet crude for August delivery recently fell 59 cents, or 1%, to $60.42 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell 80 cents, or 1.2%, to $63.65 a barrel on ICE Futures Europe, according to WSJ.
SandRidge Energy, Inc., an oil and natural gas company, explores for and produces oil and natural gas properties primarily in the Mid-Continent region of the United States. The company operates through three segments: Exploration and Production, Drilling and Oil Field Services, and Midstream Services.
Shares of Goldcorp Inc. (NYSE:GG), inclined 1.45% to $16.81, during its current trading session, despite Gold futures fell, heading for the longest slump in four weeks, after a report showed the U.S. economy in the first quarter contracted less than estimated, supported by a bigger gain in consumer spending.
Gross domestic product fell at a 0.2 percent annualized rate, revised from a 0.7 percent drop, government data showed Wednesday. Household consumption grew at a 2.1 percent annualized rate, up from the estimate of 1.8 percent. After the report, gold dropped as much as 0.7 percent to $1,168.10 an ounce, a two-week low. Bloomberg Reports.
Goldcorp Inc. engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. The company primarily explores for gold, silver, copper, lead, and zinc deposits.
Financial stocks finished moderately higher Tuesday with the NYSE Financial Sector Index climbing about 0.3% and the S&P Financial 100 Index also adding around 0.3%.
Today, among Financial stocks, Genworth Financial, Inc. (NYSE:GNW), lost -1.18%, and is now trading at $7.98.
Genworth Financial, Inc. provides insurance, retirement, and homeownership solutions in the United States and internationally. It operates through U.S. Life Insurance, International Mortgage Insurance, U.S. Mortgage Insurance, International Protection, and Runoff segments.
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