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When Exxon Mobil Moves Markets Follow

Exxon Mobil Corp.(NYSE:XOM) started the trading session sharply lower at the open. However, as the light volume has taken over the Friday trading session Exxon Mobil has rallied higher throughout the trading day. The stock is now trading lower by just 0.17 cents to $70.12. It is important to remember that Exxon has the largest market capitalization in the stock market at over $350 billion, therefore, the stock carries a lot of weight in the S&P 500 Index. Exxon Mobil will have short term intra-day resistance around the $70.21 area.