U.S. stocks traded mixed in late morning ahead of quarterly earnings reports and economic data. Oil, oil service and natural gas stocks moved notably higher on surging oil prices. Oil giant Exxon Mobil gained nearly 1% and Chevron rose 1.7%. Gold stocks were other conspicuous gainers. At the same time, rising oil dragged airline stocks down. Shares of Boeing hit a record high after the company agreed to settle U.S. allegations of violation of export regulations. |
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