Macro
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month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| +0.35 | +0.35 | +0.35 | -0.47 | -0.51 | +0.40 | +0.40 | +0.40 | +0.30 | -0.50 | -0.55 | -0.61 |
The finance sector is sharply negative this month, weighed down by widespread layoffs on Wall Street as trading revenues plummet amid a post-crash lull in market activity. Sentiment is further eroded by the high-profile prison sentence of Ivan Boesky for insider trading, which intensifies reputational damage and regulatory scrutiny across the industry.
How this mood is scored ▾
Texaco, the third-largest U.S. oil company, filed for Chapter 11 bankruptcy following a record $10.3 billion judgment against it in favor of Pennzoil over the 1984 Getty Oil acquisition. The move, intended to shield assets during appeal, makes Pennzoil the largest unsecured creditor and could lead to prolonged legal and financial uncertainty for both firms. The case may deter large bond requirements in future corporate litigation, impacting market perceptions of legal risk.