Phillips 66 (NYSE: PSX) reportedly disclosed that it is in active discussions for the sale of its non-core assets.
The management stated that there is no fixed timeline for such potential sales, reported Reuters.
The Nasdaq Composite closed down more than 1% on the two first trading days of 2024 for the first time since 2005, according to Bespoke Investment Group.
Bank of America's equity analysts led by Ebrahim H. Poonawala predict a bullish trend in banking stocks in 2024 due to changing economic landscape, policy shifts and strategic positioning of individual banks.
The early 2024 sell-off has slowed down on Wall Street, with major indices showing flat or marginal performance at noon in New York on Thursday, except for the tech-heavy Nasdaq 100, which continued to drop.