By Stan Choe
Publication Date: 2025-12-17 18:18:00
Chief executive Stuart Miller said conditions remained difficult and customers were becoming less confident as they looked for discounts and cheaper options. As a result, the company provided limited guidance for its upcoming financial performance.
Progressive, meanwhile, fell 2.4 percent after the Mayfield Village, Ohio-based insurer said its net income fell 5 percent in November from a year earlier.
Oil companies were on the winning side on Wall Street after President Donald Trump ordered a blockade of all “sanctioned oil tankers” to Venezuela. It is Trump’s latest escalation of pressure on Venezuela, which may rely on more oil than any other country.
That pushed the price of a barrel of benchmark U.S. crude oil up 1.7 percent to $56.06, just a day after falling to its lowest level since 2021. Brent crude, the international standard, rose 1.7 percent to $59.90 a barrel.
This, in turn, helped ConocoPhillips gain 3.3 percent and…
