Morning Movers: Materials Fall, XOM Rises

Several of the mining stocks that saw decent gains yesterday are retrenching today, with Barrick Gold (ABX) and Kinross Gold(KGC) down fractionally at $43.90 and $19.41, respectively, and Newmount Mining (NEM) down 1% at $51.82.

In energy, ExxonMobil (XOM) is breaking away from the pack on last night’s news Warren Buffett has taken a stake, and an upgrade by Barclay’s Capital this morning, rising 39 cents, or half a percent, to $74.82, as ConocoPhillips (COP) falls almost 1% to $53.41. Chevron (CVX) managed a modest gain of 11 cents, a fraction of a percent, to $78.62.

Among financials, MBIA (MBI) is up 11% on no apparent news, and insurer Assured Guaranty (AGO) is up almost 20% after beating Q3 profit estimates.

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