A massive rally in crude oil wasn't enough to push Wall Street to close out on a good note. Benchmark indexes gave back the day's gains by the final hour as a selloff in Gap (GPS - Get Report) shares hit the retail sector. Crude closed out the week with a daily gain of more than 6% after the number of active crude oil drilling rigs in the U.S. fell by eight to 354. The number of active drilling rigs has tumbled nearly 80% since hitting its peak in October 2014. Marriott (MAR - Get Report) and Starwood Hotels (HOT) were slightly higher after shareholders approved their proposed merger. A nearly unanimous 97% of Marriott shareholders approved the acquisition, while 95% of Starwood voters were in agreement.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Video
Can You Name the Companies Behind These Clever Stock Tickers?
How well do you know your favorite companies? Watch the video and play #StreetTrivia.
Trump Economy to Be Scrutinized in Democratic Debates
The Democrats are gearing up to debate each other, but the president's economic agenda will be under scrutiny.
The U.S. Is Producing Less Than 1% of its Uranium, That Should Shock People
Mark Chalmers, CEO of Energy Fuels Resources, zeroes in on why it's shocking that the U.S. is producing less than 1% of its Uranium.
How Millennials Are Shaking Up the Grocery Industry
Grocery Outlet's CEO gives an inside look at how the company is attracting millennials.
FedEx, Micron, Lennar Earnings: What Investors Should Watch For
Here's what investors should look for FedEx's, Micron's, Lennar's earnings reports, according to Jim Cramer's Action Alerts PLUS' team.