Its earnings season. Fastenal (FAST) jumps 4% on earnings. The industrial bellwether which sells hundreds of thousands of products to thousands of customers had strong earnings and solid guidance in the face of tariff concerns. Fastenal’s earnings helped lift their sector.
Price of oil fell 2% while the energy sector (XLE) dropped a percent on new threats of further tariffs against Russia and possible sanctions against buys of Russian oil. Chevron, Hess and SLB were all down 2% or more.
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