Energy Up, Media Down: Stocks React to Oil, Mergers, and More

Oil stocks surge on rising crude prices, led by APA Corp's massive jump after Ukrainian drone strikes, but major indexes slip ahead of the Fed's interest rate decision. Steel Dynamics shines with a strong outlook, Hershey gets a sweet upgrade, and Moderna pops on positive vaccine news. Meanwhile, Warner Bros. Discovery tumbles as merger skepticism rises after Senator Elizabeth Warren voices concerns. Hosted on Acast. See acast.com/privacy for more information.