Midday Movers: What to Watch from JPMorgan, Morgan Stanley, Google, Facebook

Author:
Publish date:
Video Duration:
0

JPMorgan (JPM) - Get Report , Morgan Stanley (MS) - Get Report , and National Commercial Bank are being considered for Saudi Aramco's pending initial public offering, according to a Reuters report. 

The Saudis said on Monday that the kingdom is looking to launch Aramco's debut "as soon as possible." The IPO is expected to be the largest initial public offering ever. The Saudi oil company is valued at somewhere between $1.5 trillion and $2 trillion. 

Shares of Alphabet (GOOGL) - Get Report trimmed their earlier gains from the day as a group of 40 state attorneys general plan to announce an antitrust investigation into the tech giant on the steps of the U.S. Supreme Court Monday. 

This comes on the back of another antitrust investigation into Facebook  (FB) - Get Report that was also launched by attorneys general last week. 

On the S&P the Energy sector rose nearly 2% as Brent crude and West Texas crude price also gained 2% and 2.7% respectively while the health sector declined 1.11% collectively. 

Trivia: Can You Name This Only-Colonial Era Church in NYC?

TheStreet Explains:What Are Tariffs and Why Do They Move the Market?

Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud

Catch Up: Today's Top News Videos Below