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Published on Oct 28, 2016
It
was a volatile end to the week after federal investigators reopened a
case into Hillary Clinton's email server. The FBI had found emails
pertinent to the case, though did not know whether the material would be
significant. Stocks plummeted before rebounding. Crude oil ended with a
weekly loss for the first time since mid-September on skepticism over
an OPEC deal. Oil held lower despite the first weekly decline in active
drilling rigs in the U.S. since June. Regeneron fell after the FDA
delayed approval for its treatment for rheumatoid arthritis. Officials
ruled on a delay after finding manufacturing deficiencies at partner
Sanofi's facility. Hanesbrands surged after providing positive sales
guidance for its fourth quarter. The apparel brand anticipates quarterly
sales of at least $1.7 billion. That came in above consensus.
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