Energy firms such as Exxon Mobil Corp, Devon Energy Corp, Schlumberger NV, Occidental Petroleum Corp and Halliburton Co rose between 0.9% and 1.4% in premarket trading, tracking firmer oil prices. Wall Street's main indexes slid on Thursday, with the S&P 500 and the Nasdaq pulling back from record closing highs as investors flocked to bond markets on concerns that the domestic economic recovery was losing steam. The focus will now shift to second-quarter earnings, with big banks reporting next week. The S&P 500 is down 0.7% so far this week, while the Dow has declined 1%. The Nasdaq is set to post a smaller weekly decline of 0.5%, helped by a recent move into growth companies, but was still on course for its worst week since mid-May.

Source: Mint July 09, 2021 12:45 UTC