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Chevron’s Acquisition Of Hess Corp. Sends Ripples Through Energy Sector: Reasons Behind Stock Price Dip

Chevron Corp. (NYSE: CVX), the second-largest oil company in the United States after Exxon Mobil Corp. (NYSE: XOM), sent shockwaves through the market with its announcement of a planned acquisition of Hess Corp. (NYSE: HES) on Monday. However, the market's initial response has been far from enthusiastic.

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Dow Falls Over 100 Points; Chicago Fed National Activity Index Increases In September

U.S. stocks traded lower this morning, with the Dow Jones index falling over 100 points on Monday. Following the market opening Monday, The Dow traded down 0.41% to 32,991.58 while the NASDAQ fell 0.33% to 12,940.56. The S&P 500 also fell, dropping, 0.33% to 4,210.14.

AKU