Dow Jones Adds 79 Points as Chevron Rises on Oil Price Surge, Walgreens Falls on Earnings
The Dow Jones Industrial Average (DJINDICES: ^DJI) added 79 points as of 2:23 p.m. EDT on July 1, riding modest gains by Chevron (NYSE: CVX) as the global oil market continues to improve, and Nike (NYSE: NKE) following the release of its "Rawdacious" product line ahead of the 2020 Tokyo Olympics. In a day of modest gains for the majority of the 30 stocks in the Dow, Walgreens Boots Alliance (NASDAQ: WBA) shares are down almost 6% after the company reported earnings before market open today.
Let's take a closer look at today's biggest Dow stock stories that investors need to know.
Crude oil prices are up today, with both Brent and West Texas Intermediate futures trading above $75 per barrel following news that OPEC+, the consortium of oil-producing countries that includes global giants Saudi Arabia and Russia, had reached a preliminary deal to raise oil production by 2 million barrels per day gradually across the second half of 2021.
Source Fool.com
