U.S. stocks were mostly unchanged in late afternoon trading Friday as energy companies fell together with the price of oil. Investors are weighing the latest batch of corporate earnings results and a report showing a slight enhance in inflation last month.
On Friday, Shares of Halliburton Company (NYSE:HAL), declined -0.54% to $45.91, during its last trading session. Halliburton Company, belongs to Basic Material Sector.
Halliburton Company provides a range of services and products to the upstream oil and natural gas industry worldwide. The company operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment provides production enhancement services, counting stimulation services and sand control services; and cementing services that comprise bonding the well and well casing, and casing equipment.
Chevron Corporation (NYSE:CVX), ended its Friday’s trade with -0.57% loss, and closed at $104.89.
Europe’s largest oil companies are banding together to forge a joint strategy on climate-change policy, alarmed they’ll be ignored as the world works toward a historic deal limiting greenhouse gases, according to Bloomberg.
Royal Dutch Shell Plc, Total SA, BP Plc, Statoil ASA and Eni SpA are among oil companies that plan to start a new industry body, or think tank, to develop common positions on the issues, according to people with knowledge of the matter. So far the largest U.S. companies — Exxon Mobil Corp. and Chevron Corp. — have decided not to take part, the people said, asking not be named before a public declarement predictable as early as next month, Bloomberg Reports.
Among Services Sector, Shares of Alibaba Group Holding Limited (NYSE:BABA), lost -0.65% to $93.27.
Cainiao, the logistics associate of Alibaba Group, declared the establishment of its first supermarket distribution center in Chengdu, China, that will let users in southwestern China enjoy next-day delivery services for Tmall supermarket products. Cainiao also revealed plans to enhance the number of supermarket distribution centers to 7, allowing grocery products ordered on Tmall Supermarkets to be delivered to more than 250 cities in 25 Chinese provinces. Residents in 50 of those cities will be able to enjoy same or next-day delivery service by the end of 2015.
The Chengdu supermarket distribution center will initially provide next-day grocery deliveries to Tmall Supermarket users in Chengdu and Chongqing, and will gradually expand delivery services to other regions in southwestern China. The Tmall supermarket vertical sells groceries, pantry items and other non-perishable fast-moving-consumer goods.
Cainiao plans to add one more centre in Wuhan to cover the provinces of Hubei, Henan and Hunan, in addition to rural areas, allowing next-day deliveries to more than 250 cities in 25 Chinese provinces covering a customer base of more than 100 million. The Chengdu centre is the sixth supermarket distribution center. Cainiao has five existing distribution centers in Tianjin, Shanghai, Suzhou, Guangzhou and Jinyi.
Alibaba Group Holding Limited, through its auxiliaries, operates as an online and mobile commerce company in the People’s Republic of China and internationally. It operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a group buying marketplace; Alibaba.com, an online business-to-business marketplace that focuses on global trade among businesses; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace.
Financial stocks remained narrowly mixed in late trade with the NYSE Financial Sector Index dropping about 0.1% while the S&P Financial 100 Index was up by about 0.1%.
Finally, from financial sector, Shares of SLM Corporation (NASDAQ:SLM), gained 2.36% to $200.13.
SLM Corporation, together with its auxiliaries, operates as a saving, planning, and paying for education company in the United States. The company offers private education loans to students and their families. It also provides banking products, such as high yield savings accounts, money market accounts, and certificates of deposits; and operates a consumer savings network that offers financial rewards on everyday purchases to assist families save for college.
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