Stocks end mixed in wild trading day marked by NYSE glitch, as jobs report looms →
U.S. stocks closed mostly higher on Monday in a wild trade day following...
U.S. stocks closed mostly higher on Monday in a wild trade day following an early trading glitch on the New York Stock Exchange and as investors awaited a series of economic data due later this week, including the jobs report due Friday.
According to Dow Jones Market Data, the Dow Jones Industrial Average closed down 115.29 points, or 0.3%, on Monday at 38,571.03. It set a session low of 38,247.22.
The S&P 500 added 5.89 points, or 0.1%, to close at 5,283.40. The Nasdaq Composite rose 93.65 points, or 0.6%, to finish at 16,828.67, snapping a three-day losing streak.
The Dow clawed back the bulk of its losses in the final hour of trade, while the S&P 500 turned positive. The S&P 500 was down 0.8% at its low but closed up 0.1%. It is the second trading day in a row that the index was down at least 0.8% at its low but finished the day higher.
Dimensional Energy, a startup backed by United Airlines Ventures, is...
Dimensional Energy, a startup backed by United Airlines Ventures, is developing renewable jet fuel made from water and carbon dioxide from the air. The company plans to begin producing its sustainable aviation fuel at a Niagara Falls, N.Y., facility in 2027.
US refineries ramp up ahead of summer driving season
Analysts from Tudor, Pickering, Holt and Co., Refined Fuels Analytics...
Analysts from Tudor, Pickering, Holt and Co., Refined Fuels Analytics and Lipow Oil Associates expect US refinery utilization to exceed 90% capacity for the rest of the quarter as fuel makers prepare for summer driving season demand. "From the profitability standpoint, it's setting up to be a pretty good summer here to see utilization still feel a little low as we head into the spring combined with continuing low product inventories," said Matthew Blair of Tudor, Pickering, Holt and Co.
The US continues to lead non-OPEC+ oil production growth, but leading...
The US continues to lead non-OPEC+ oil production growth, but leading forecasts indicate a slowdown from last year's more than one million barrels per day growth rate to between 270,000 bpd and 640,000 bpd. Despite the US' smaller contribution to global supply due to restrained spending by domestic producers, OPEC+ members announced on Sunday an extension of their collective oil production cuts, totaling 2.2 million bpd, through 2025.
🇲🇽 Mexico elects its first female president. Claudia...
🇲🇽 Mexico elects its first female president. Claudia Sheinbaum, a climate scientist and the former mayor of Mexico City, will become the first woman to lead Mexico in its 200-year history as a republic following a landslide victory in elections yesterday. She’s also the first woman to win a general election in the US, Mexico, or Canada. During her presidency, Sheinbaum will aim to expand upon the social welfare policies of her mentor, outgoing President Andrés Manuel López Obrador, while tackling the surging problem of organized crime. Thirty-eight candidates were murdered during this election cycle, making it the most violent in Mexico’s modern history.
🚀 Boeing halts Starliner launch…again. With less than four minutes before blastoff for its rocket, Boeing was forced to scrub its latest attempt at a first crewed mission when an automated computer system was slow to come online. Last month, a previously scheduled mission was also canceled due to technical issues. The next attempt could happen this week, possibly Wednesday or Thursday. But it wasn’t all bad news in the space industry this weekend: China landed a spacecraft on the far side of the moon in an attempt to be the first to collect samples from the area and bring them back to Earth.
🎟 Ticketmaster was hacked. Live Nation confirmed in an SEC filing that it was investigating a data breach that affected 560 million Ticketmaster customers. According to Cyber Daily, the hacking group ShinyHunters claimed responsibility and is selling the data for $500,000 (no word on if this includes additional fees and surcharges). The information for sale contains credit card numbers and ticket purchase history but likely does not include passwords, per the NYT. Security experts are investigating whether the Ticketmaster hack and another recent data breach against the bank Santander are linked to Snowflake, the cloud hosting provider.
The African National Congress is no longer the ruling party in South Africa. The ANC received a little more than 40% of the vote, marking the first time since apartheid ended 30 years ago that the party will not have a majority.
Former President Trump joined TikTok and posted from a UFC fight he attended in New Jersey.
Real Madrid won a record 15th Champions League title by defeating Borussia Dortmund 2–0. A 16th title could be inevitable with Kylian Mbappe joining the club.
