Posted 11/8/2023, 8:28:00 PM
Stocks Drop, Ending Win Streaks, as Oil Prices Decline
- Stocks turned lower Wednesday, with the Dow, S&P 500, and Nasdaq on track to snap win streaks as oil prices declined.
- Warner Bros. Discovery's streaming service saw domestic subscribers drop 1.4 million amid light original content due to Hollywood strikes.
- Airbus's defense unit slid to a 3Q loss, weighed down by higher costs and provisions on satellite programs.
- Disney shares dipped ahead of its latest earnings report, with the stock down 58% from its March 2021 high.
- The stock market was poised to snap its winning streak Wednesday after indexes gave back earlier gains.