Exxon Mobil Corp. and Chevron Corp. missed profit and production estimates as wildfires, writedowns and weak refining margins battered oil explorers already reeling under a glut-driven price collapse.
Despite decline in energy stocks, benchmarks ended mostly in the green on Thursday on the back of gains in major tech companies. Facebook's encouraging second quarter earnings results boosted the S&P 500 and Nasdaq to end in the green.
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Seres Therapeutics Inc. shares lost three quarters of their value Friday after the biotechnology company said its lead experimental drug failed in a clinical trial testing it against hard-to-treat intestinal infections.
Just two years ago, the sole story of Amazon's second quarter would have been the nearly $900 million in profit that it generated.