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• Dow snaps 4-day losing streak, Nasdaq slips ahead of Nvidia's earnings
  A case of Nvidia (NVDA) nerves combined with an off-Target (TGT)...
  A case of Nvidia (NVDA) nerves combined with an off-Target (TGT) earnings report kept Wall Street subdued. Most major indexes spent the day lower but rebounded to almost unchanged by the closing bell.
  
  Nvidia's earnings, revenue, and guidance, out just after the close, easily beat consensus, but the quarterly outlook didn't meet the most bullish levels investors might have wanted. Shares slipped 3% in post-market trading immediately after the report then quickly bounced back. They then dipped again as trading remained volatile.
  
  Another pressure point today, at least for stocks, was Target. Shares lost about a fifth of their value following earnings and guidance that disappointed investors. Target's sneeze gave the retail sector a cold, with even yesterday's leader Walmart (WMT) falling at one point. Weakness in discretionary demand at Target sends a message that consumers, at least there, aren't loading their shopping carts beyond the essentials, perhaps a warning shot ahead of holiday season.  Here's where the major benchmarks ended:
  

  
  
  •  The S&P 500^® index (SPX) stayed mostly flat, up 0.13 points (0.0%) to 5,917.11; the Dow Jones Industrial Average^® ($DJI) rose 139.53 points (0.32%) to 43,408.47; and the Nasdaq Composite^® ($COMP) fell 21.32 points (0.11%) to 18,966.14. 
  
  
  • The 10-year Treasury note yield added four basis points to 4.41%.
  
  
  • The CBOE Volatility Index^® (VIX) climbed to 17.26, near recent highs.
  
  
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• Deadly bomb cyclone cuts power for thousands in US north-west
  A storm off the coast of the northwestern US and western...

  A storm off the coast of the northwestern US and western Canada is pummelling the region, bringing high winds, flooding, and snow to over seven million residents living in states along the Pacific Ocean.

  
  

  The storm has caused widespread power outages for hundreds of thousands of Americans, and its strong winds have downed trees.

  
  

  At least one person - a woman near Seattle - has died.

  
  

  The "bomb cyclone" - as forecasters call it - has been caused by air pressure quickly dropping off the coast, which has rapidly intensified the weather system.

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• US Energy Secretary Nominee Chris Wright Champions Energy at DUG GAS
  President-elect Donald Trump's energy secretary nominee, Chris Wright,...
  President-elect Donald Trump's energy secretary nominee, Chris Wright, championed energy's role in bettering human lives earlier this year on stage at Hart Energy’s DUG GAS Conference and Expo.
  
  Wright, an industry veteran with experience in solar, geothermal and fossil fuels, was praised amongst industry veterans after his nomination, including Continental Resources Founder Harold Hamm, Brigham Exploration Founder Bud Brigham and Pioneer Natural Resources Chairman Scott Sheffield.
  
  “My dedication to bettering human lives remains steadfast, with a focus on making American energy more affordable, reliable and secure,” Wright said in a post on X, formerly Twitter, in response to his nomination by Trump.
  
  In March, Wright advocated for energy’s role against poverty and climate impacts at Hart Energy’s DUG GAS Conference and Expo. Hart Energy is pleased to share his remarks in the video HERE.
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• DT Midstream to Buy 3 Pipe Networks from ONEOK in $1.2B Deal
  ONEOK announced a pending sale of three pipeline...
  
  
  ONEOK announced a pending sale of three pipeline networks to DT Midstream (DTM) for $1.2 billion on Nov. 19.
  
  The three interstate networks, regulated by the Federal Energy Regulatory Commission (FERC), are located in the north-central and Midwest U.S. and have a total capacity of 3.7 Bcf/d.
  
  According to the company's announcement, the sale will allow ONEOK to focus on growing its operations in other areas, such as Texas and Colorado.
  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  

  
  
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• ☕️What Else is Brewing Wednesday Morning
  Trump tapped Howard Lutnick to be Commerce Secretary and McMahon for...
  Trump tapped Howard Lutnick to be Commerce Secretary and McMahon for education. In a post on social media, the president-elect praised Lutnick as “a dynamic force on Wall Street.” The billionaire CEO of financial services firm Cantor Fitzgerald, Lutnick is a longtime supporter of Trump, serving as a co-chair of his 2024 transition team. Lutnick reportedly sought the role of treasury secretary and earned the endorsement of Elon Musk but fell out of favor for the job, per the Wall Street Journal. Trump nominated his other transition co-chair, former WWE CEO Linda McMahon, for Education Secretary. He also selected the doctor and TV personality Mehmet Oz to run the Centers for Medicare and Medicaid Services.
  
  The Manhattan DA agreed to postpone sentencing in Donald Trump’s criminal hush money case until after he leaves office in 2029.
  
  Delta will serve Shake Shack burgers on select flights starting in December.
  
  Microsoft announced an AI interpreter for Teams meetings that can simulate speakers’ voices in nine different languages.
  
  Instagram said it will soon allow users to manually reset their recommendation algorithms across Explore, Reels, and Feed pages.
  
  Airbnb is encountering local resistance to its plan to hold gladiator fights in Rome’s Colosseum next year (yes, this is real).
  
  
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