business
US stocks end mixed, weighed down by more losses for tech giants
By Associated Press at Odessa American (oaoa.com)
· June 24, 2026
· 4 min read
By DAMIAN J. TROISE
AP Business writer
NEW YORK Stocks wavered to a mixed close on Wall Street Wednesday as technology stocks once again weighed down the market.
Declines for several influential tech heavyweights, including Microsoft, pulled the broader market lower even though most stocks in th...
Key takeaway Declines for several influential tech heavyweights, including Microsoft, pulled the broader market lower even though most stocks in the S&P 500 gained ground.
Why this matters in The Odessa
The mixed close on Wall Street has implications for the Permian Basin area, where the oil and gas industry plays a significant role in the local economy. The decline in oil prices, with Brent crude falling 3.8% and U.S. crude prices dropping 3.9%, may impact the region's energy sector. Local oil companies and workers may feel the effects of these price fluctuations, potentially influencing the area's economic growth. Additionally, the losses experienced by oil giants such as Exxon Mobil and Chevron could have a ripple effect on the local job market and business community. On the other hand, the surge in homebuilder stocks, including KB Home and D.R. Horton, could be a positive sign for the local housing market, potentially leading to increased construction and development in the Odessa area. As the national market continues to evolve, it is crucial to monitor its impact on the local economy.
About this story
Original reporting by Odessa American (oaoa.com) . The Odessa surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit Odessa American (oaoa.com) . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: June 24, 2026 ·
Source: Odessa American (oaoa.com) ·
Reading time: 4 min
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Frequently asked about this story
What is this story about? By DAMIAN J. TROISE
AP Business writer
NEW YORK Stocks wavered to a mixed close on Wall Street Wednesday as technology stocks once again weighed down the market.
Declines for several influential tech heavyweights, including Microsoft, pulled the broader market lower even though most stocks in th...
When was this published? This article was first published on June 24, 2026 by Odessa American (oaoa.com) and curated for The Odessa readers.
Who reported this story? This story was reported by Associated Press at Odessa American (oaoa.com). To learn more about how The Odessa selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The Odessa, or browse our daily briefing and topic hubs .
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