S&P 500 posts best day in 2 months, Nasdaq jumps with Big Tech earnings on deck
U.S. stocks finished higher on Tuesday, with the tech-heavy Nasdaq Composite...
U.S. stocks finished higher on Tuesday, with the tech-heavy Nasdaq Composite leading the way up, while the large-cap S&P 500 index notched its best day since February as earnings season ramps up.
The Nasdaq Compositeadvanced 245.33 points, or 1.6%, to finish at 15,696.64. It was the index's largest one-day point and percentage gain since April 11, according to Dow Jones Market Data.
The S&P 500was up 59.95 points, or 1.2%, to end at 5,070.55. The large-cap benchmark index booked its best daily gain in over two months.
The Dow Jones Industrial Average rose 263.71 points, or 0.7%, ending at 38,503.69. The blue-chip index was up for four consecutive trading days, its longest winning streak since March 21.
With the first-quarter earnings season in full swing, the market's move upward Tuesday came as stocks attempted to bounce back from a poor stretch last week that saw the S&P 500 suffer its worst weekly performance since March 2023.
New gas plants omitted from DOE's energy resource planning
An Energy Department ...
An Energy Department report recommends that future electricity needs will be best met by a "portfolio approach" to resources, embracing hydropower, nuclear, geothermal, energy storage and grid-enhancing technologies. The report does not include new gas plants in its suggested portfolio, stating that their development "has the potential to result in higher costs and unexpected lower reliability during extreme weather events than alternative options."
The US natural gas storage market is experiencing a new phase of growth,...
The US natural gas storage market is experiencing a new phase of growth, propelled by liquefied natural gas exporters, power generators, pipeline operators and gas/electric utilities, which increasingly demand flexible gas storage solutions and are more willing to make long-term commitments as a result. This surge has lifted Firm Storage Service lease rates past historical highs, while brownfield and greenfield projects are gaining momentum.
Construction of a new passenger rail system linking the Los Angeles area to Las Vegas began yesterday. The Brightline West system, spanning 218 miles mostly along Interstate 15, is expected to be the nation's first true high-speed intercity rail network. The route (see map) is expected to take around 30,000 travelers per day between Rancho Cucamonga, California, and Las Vegas.
The all-electric trains can reach speeds up to 200 mph, with the typically four-hour travel time between the two cities expected to take just over two hours. Sister company Brightline opened its Miami-Orlando line last year; its trains reach speeds up to 125 mph. The International Union of Railways defines “high-speed rail” as new rail lines capable of going at least 155 mph.
Israel’s military intelligence chief announced his resignation yesterday over failing to prevent Hamas' Oct. 7 cross-border raid that left 1,200 people in Israel dead and more than 250 others taken hostage. Maj. Gen. Aharon Haliva is the first senior Israeli leader to resign over the attack.
The news came as Israel maintains it will advance a full-scale invasion of Gaza's southern border city of Rafah, where more than 1 million Palestinians are sheltering. Meanwhile, a report yesterday found facilities for the UN agency for Palestinian refugees have at times been used for "political or military gains" but that Israel has not provided evidence supporting its claim that 12% of the agency's 13,000 staffers are members of Hamas or other militant groups.
