Oil prices briefly spike on news President Trump will meet with oil execs
The S&P 500 is currently down near session lows with a 4.4% decline amid a dearth of buying interest. As a reminder, a 15-minute stoppage would be enforced if the benchmark index falls by 7.0% -- still a bit more to go, though. Oil prices briefly spiked into positive territory earlier on news that President Trump will meet with top U.S. oil executives on Friday to discuss potential government aid for the distressed industry. WTI crude is currently down 0.1% to $20.46/bbl. Looking ahead in earnings, Walgreens Boots Alliance (WBA 43.67, -2.09, -4.5%) will report results tomorrow morning along with CarMax (KMX 51.94, -1.97, -3.6%) and Carnival (CCL 10.15, -3.03, -23.1%).