TheStreet Live

The Dow Jones Industrial Average held slight weekly gains even in a down day for Wall Street. The blue-chip index has increased for six weeks in a row. Benchmark indexes ended the day in the red. The number of active oil rigs in the U.S. climbed for its 15th week in 16, according to the latest Baker Hughes data. The oil rig count increased by 12, a worrying sign as traders contend with global oversupply. Former Viacom chairman Sumner Redstone is stepping down from his voting role on the board, effective in February. Redstone will continue in a nonvoting role. Nintendo sold off even as its smartphone game Super Mario Run rocketed up the download charts. The game was downloaded nearly three million times on its debut day on Thursday.

The U.S. dollar is closing in on parity with the Euro. U.S. travelers to Europe may soon be able to exchange dollars for euros on an almost one to one basis, an extraordinary shift from early 2014, when one euro was worth $1.40. Meanwhile, the blue chips are on track for a 6th straight up week but the milestone of Dow 20,000 remains elusive. Facebook ( ) is going to start fact checking, labeling and burying fake news and hoaxes in the newsfeed. The company says it has partnered with a shortlist of media organizations that are part of an international fact-checking network led by Poynter, a nonprofit school for journalism. It will make it easier to report news stories that are fake. Microsoft ( ) is teaming with TomTom to ensure the next generation of cars comes with some quality maps. The deal will see location based services integrated into Microsoft's Azure cloud platform.

Stocks rebounded after a knee-jerk selloff late yesterday tied to the Federal Reserve's rate hike outlook. The Dow was back on track to hit the 20,000 level, trading roughly 50 points from the milestone. Homebuilder sentiment surged to its best level in more than a decade as confidence enjoyed a post-election bounce. Builders expressed hope that President-elect Trump's policies would decrease regulations and boost housing affordability. Pier 1 Imports roared higher after increasing its guidance for its current quarter and naming Chairman Terry London as interim CEO beginning in the new year. The home d

The yield on the 10 year Treasury Note jumped to 2.6% in European trade, up from 2.52% Wednesday. The move puts yields on those bonds on course for their highest close since September 2014, according to Tradeweb. Stocks are pointing to a higher start after snapping a 7 session winning streak as the Federal Reserve raised rates and indicated more hikes are to come in 2017. Yahoo! ( ) disclosed another, bigger data breach and some are asking if this puts the Verizon ( ) buyout in jeopardy. Yahoo said more than a billion email accounts were compromised back in August 2013. Verizon said in a statement that is it evaluating the situation as Yahoo continues its investigation. Uber has been ordered by California state regulators to stop using self-driving cars in San Francisco. The Associated Press says it didn't get the proper permits issued by the state.

Stocks fell as Wall Street awaited a decision on interest rates from the Federal Reserve. Economists forecast a rate hike in December following more hawkish commentary from Fed members in recent months and economic data that supported a shift to policy normalization. Crude oil remained lower despite a decline in weekly inventories. The EIA reported a drop of 2.6 million barrels in the past week, more than double what was expected and a welcome salve to current oversupply. Neustar rocketed higher after agreeing to be taken private by Golden Gate Capital. The deal values the ad tech company at roughly $1.8 billion, or nearly $3 billion including debt. Qualcomm was downgraded to NEUTRAL from OVERWEIGHT at JPMorgan. The firm said its valuation was less attractive based on its $70 price target.

The Dow Jones Industrial Average is on a record breaking streak of 7 sessions in a row. Today, the Federal Reserve may throw a wrench in that as it is expected to raise interest rates for only the second time in a decade. Federal Reserve Chairwoman Janet Yellen will also make comments about the economy. The decision is expected at 2 p.m. Eastern Time. President-elect Donald Trump is meeting with tech leaders today and jobs are on the agenda. In particular HB-1 visas for foreign workers will be a point of discussion. Among those attending today--Elon Musk of Tesla ( ), Sharyl Sandburg of Facebook ( ), Tim Cook of Apple ( ) and Jeff Bezos of Amazon ( ). One notable absence is Twitter's ( ) Chief Executive Jack Dorsey. Kohl's stores ( ) are opening for 107 hours straight before Christmas. The retailer says it will stay open non-stop in the final run up to Christmas eve.

Stocks traded at new records as the energy sector moved higher and the Federal Reserve met to discuss interest rates. The Dow was one good rally away from the 20,000 level. JetBlue flew higher after delivering a favorable update on November traffic and guiding for an improved fourth quarter. The airline anticipates revenue per available seat mile to decline by 1% to 2% in the fourth quarter, better than an anticipated 3% decline. SeaWorld climbed after being upgraded to BUY from NEUTRAL at Janney Capital. The firm said it expects improved performance at the Orlando, Florida theme park after a series of price hikes. Advanced Micro Devices was upgraded to OUTPERFORM from MARKET PERFORM at BMO Capital. Analysts said improved products and execution can drive growth in coming quarters.

U.S. stocks moved higher Tuesday, with the Dow Jones Industrial Average inching closer to 20,000. The Dow and the S&P 500 touched a fresh record high. The gains come as oil prices rose following an International Energy Agency report saying that if the recent OPEC production cuts are implemented, the oil market will move into a deficit in the first six months of 2017. That's something experts say would put upward pressure on prices. The Federal Reserve's December meeting is underway. Investors are pricing in a 95% chance of a rate hike. The decision will be announced in the Fed's statement, released at 2 p.m. Eastern on Wednesday. Boeing shares moved higher after raising its dividend by 30% to $1.42 a share. Boeing also said it would scale back production of its twin-aisle 777 aircraft to five per month starting in August, compared to a previously issued target of seven per month. AB InBev shares rose after it agreed to sell its European beer brands to Japan-based Asahi Group ASBRY for $7.8 billion. The company is making the sale to appease European regulators follow its massive merger with SABMiller. TheStreet's Scott Gamm reports from Wall Street.

The 64 year old Tillerson became CEO of the Texas based oil giant in 2004 and has a close business relationship with Russian President Vladimir Putin. His past with Putin is an area of concern for some lawmakers-both Republican and Democrat. Tillerson says he is 'honored' to have been chosen for this role by President-elect Trump and looking forward to quote 'restoring the United States credibility on the world stage and advancing national security.' Tillerson has spent his entire career at Exxon Mobil. Quest Diagnostics ( ), the medical lab testing company, says a hack exposed 34,000 patients information. The company says an unauthorized third party gained access on November 26th to its systems. It says customer information including names, dates of birth, lab results and in some instances, telephone numbers. No financial information was stolen, the company says. Gas prices are marching higher along with oil prices. AAA says some parts of the country could see $3 a gallon by early 2017.

Stocks traded mixed Monday with the Dow Jones Industrial Average and S&P 500 setting new intraday highs amid a surge in oil prices following an agreement from non-OPEC countries to cut crude production. Eleven non-OPEC countries including Russia and Mexico over the weekend agreed -- for the first time in 15 years -- to reduce oil output by 558,000 barrels a day. The Saudi Oil Minister said his country, the largest crude exporter, would cut production below its two-year level of 10 million barrels a day. Shares of Chipotle were up after its founder Steve Ells was named the sole CEO of the fast food chain, the company announced Monday. Ells will remain the chairman of the board, while the company's co-CEO will step down immediately. And Viacom's shares were down nearly 8% as CBS Vice Chair Shari Redstone ended talks to merge with CBS. CBS shares fell 2.9%.