Shares of Chevron Corp.
slipped 0.4% in premarket trading Wednesday, enough to make it the only Dow Jones Industrial Average
losing ground ahead of the open. Weighing on oil and gas giant’s stock fell was a 0.4% drop in crude oil futures
after President Joe Biden called on U.S. oil refiners to produce more gasoline. While Chevron’s stock fell, Dow futures
rallied 180 points, or 0.6%, as the blue-chip barometer looked set to snap a five-day losing streak in which it tumbled 2,815.13 points, or 8.5%. The Dow’s best premarket performers were shares of Salesforce Inc.
and Cisco Systems Inc.
both up 1.3%, and Microsoft Corp.
up 1.1%. The most active Dow stock was Apple Inc.’s
which rose 1.0%.
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