Dow ends up more than 270 points ahead of Big Tech earnings
U.S. stocks finished higher on Monday as Wall Street...
U.S. stocks finished higher on Monday as Wall Street geared up for a busy week packed with quarterly earnings from megacap technology companies.
The Dow Jones Industrial Averagerose 273.17 points, or 0.7%, to end at 42,387.57. It was the largest one-day point and percentage gain since Oct. 16.
The S&P 500 was up 15.40 points, or 0.3%, to finish at 5,823.52.
The Nasdaq Composite gained 48.58 points, or 0.3%, ending at 18,567.19.
Monday's stock market rally came asoil futures suffered their largest daily percentage decline in over two yearsafter widely anticipated Israeli airstrikes against Iran did not hit crucial oil facilities.
The S&P 500's energy sector was the worst performer on the large-cap benchmark index, off 0.7%, according to FactSet data.
Looking ahead, five of the so-called Magnificent Seven companies are scheduled to report their earnings results this week. Google parent Alphabet Inc. is scheduled to report on Tuesday, followed on Wednesday by Microsoft Corp. and Meta Platforms Inc. Apple Inc. and Amazon.com Inc. will report on Thursday.
Analysis: Iran faces tough choices in deciding how to respond to Israeli strikes
Iran faces strategic dilemmas following an Israeli aerial assault on...
Iran faces strategic dilemmas following an Israeli aerial assault on its territory, emphasizing the complexities of Middle Eastern geopolitics. Iran's options include military retaliation, which could demonstrate strength to its citizens and allies but also risk greater conflict with Israel. Analysts suggest Iran might opt for restraint to avoid exposing weaknesses and escalating tensions. The situation is further complicated by Iran's economic struggles and its attempts to renegotiate a nuclear deal with the U.S. amidst ongoing regional conflicts. The article highlights Iran's military vulnerabilities exposed by the strikes and the potential implications for regional stability and Iranian strategy.
Permian seismic activity eases, but more work needed
Tighter regulations and changes in water injection practices have helped...
Tighter regulations and changes in water injection practices have helped reduce the frequency of 3-magnitude earthquakes in the Permian Basin from as many as 40 per month in 2021-2022 to 20 per month this year, although earthquakes over 5 magnitude have increased in certain areas. Experts stressed the need for improved data collection, stronger collaboration and a comprehensive strategy that includes recycling, relocating injection wells and promoting beneficial water reuse to mitigate seismic risks.
It’s nearly time to say goodbye to the political ads that have appeared...
It’s nearly time to say goodbye to the political ads that have appeared during every commercial break for the past couple of months. Vice President Kamala Harris and Republican nominee Donald Trump will make their final push for undecided voters this week. Trump is scheduled to hold rallies in Georgia, Pennsylvania, Wisconsin, and Nevada; on Tuesday, Harris will speak at the same location where Trump addressed supporters on Jan. 6, 2021, before the attack on the Capitol and is expected to denounce her opponent’s fitness for office.
The cost of campaigning for two years reveals a huge disparity between the US and other industrialized democracies, where candidates hustle to earn votes for weeks, not years.
During their six-week campaigns in Britain this summer, Keir Starmer raised $12.3 million on his way to becoming prime minister. Opponent Rishi Sunak received only $2.5 million.
Meanwhile, Kamala Harris raised $300 million in her first two weeks atop the Democratic ticket after replacing Joe Biden and has raised $1 billion overall. Trump’s campaign has raised $800 million.
Clocks are going back an hour this weekend: Daylight...
Clocks are going back an hour this weekend: Daylight saving time is once again ending to create a monthslong window where it’s dark when you leave for work and dark when you’re on your way home. On Sunday at 2am ET, we will turn our clocks back our clocks will reset themselves and our microwaves will either be right or wrong until we move the clocks ahead in March. All this disruption to our lives, and most studies show that clocks going back an hour has a minimal impact on conserving energy.
Donald Trump held a marathon rally at NYC’s Madison Square Garden in which opening speakers made racist, crude remarks. A comedian compared Puerto Rico to a “floating island of garbage” and Trump’s childhood friend called Harris “the anti-Christ.”
The president of Georgia said she does not recognize the results of parliamentary elections held this weekend due to alleged Russian interference. Georgian electoral observers across the country also reported violations.
Dwyane Wade’s statue was mocked endlessly after being unveiled outside of Kaseya Center in Miami.
Venom: The Last Dance had a lousy opening weekend at the box office. Competition from the World Series was said to be a factor.