S&P 500 closes above 5,500 for first time, Tesla propels Nasdaq to fresh record
U.S. stocks finished higher on Tuesday after a rally in Tesla Inc. shares...
U.S. stocks finished higher on Tuesday after a rally in Tesla Inc. shares pushed the S&P 500 and the Nasdaq Composite to fresh record highs.
The S&P 500 ended up 33.92 points, or 0.6%, to 5,509.01, its 32nd record close of 2024. The large-cap benchmark index also closed above the crucial 5,500-point mark for the first time ever, according to Dow Jones Market Data.
The Dow Jones Industrial Averageended up 162.33 points, or 0.4%, to finish at 39,331.85. It was the largest one-day point and percentage advance for the blue-chip index in over a week.
According to Dow Jones Market Data, the Nasdaq Compositerose 149.46 points, or 0.8%, ending at 18,028.76 to score its 22nd record close of the year.
Shares of Tesla Inc. finished more than 10% higher on Tuesday after the electric-vehicle giant surprised investors by reporting second-quarter deliveries that beat expectations. It was Tesla's first delivery beat in four quarters, and the margin of the beat was the widest since the fourth quarter of 2021, according to FactSet data.
Tesla Inc. stock was up for six straight trading days, and on Tuesday ended at its highest level since January 10, according to Dow Jones Market Data.
Hurricane Beryl, now sweeping across the Caribbean, is the first ever to reach Category 5 strength this early in the year
Over the course of a few short days,...
Over the course of a few short days, Hurricane Beryl rapidly intensified from a tropical storm to a Category 5 hurricane, setting records for the earliest point in a season that a storm has grown so big.
This quick escalation directly resulted from the above-average sea surface temperatures and a harbinger of what is to come this hurricane season.
“This early-season storm activity is breaking records that were set in 1933 and 2005, two of the busiest Atlantic hurricane seasons on record,” said Philip Klotzbach, an expert in seasonal hurricane forecasts at Colorado State University.
EIA: US oil production up, gas output down in April
Energy Information Administration data show that US oil...
Energy Information Administration data show that US oil production increased by 72,000 barrels per day month over month, to a four-month high of 13.25 million bpd in April, while crude oil and petroleum products demand climbed to 20 million bpd, the highest this year. In contrast, the EIA reported that gross natural gas production in the contiguous US declined for a second consecutive month to 114 Bcf/d in April.
Record-Breaking Travel Volumes Expected July 4th Weekend as > 600,000 Oklahomans Plan to Travel
Traffic is already on the upswing for the July 4th holiday weekend, as...
Traffic is already on the upswing for the July 4th holiday weekend, as more than 600,000 Oklahomans are expected to make at least a short drive of 50 miles or more over the coming weekend. They will be among 71 million Americans going somewhere this week for the Independent Day celebration or taking advantage of the near-midweek observation.
AAA says the number of motorists is expected to be 5.2% more than a year ago and will set a record for the holiday travel. The organization explained that it looked at the entire July 4th week plus the Saturday before and the Sunday after the holiday in making its predicted estimate.
More than 85% of travelers – or more than 550,000 Oklahomans – will hit the road for the holiday, up 4.6% over last year. Air travel is up 6.5% over last year, with AAA projecting more than 60,000 Oklahomans, 9.4% of local travelers, will take to the skies. And, travel by other modes of transportation, which was the slowest to recover from the pandemic, is up 13.9% over last year, with more than 30,000 Oklahomans, 5% of local travelers, training, busing, or cruising to their holiday destinations.
Saudi Arabia is getting its first Trump Tower. The...
Saudi Arabia is getting its first Trump Tower. The Trump Organization said it’s teaming up with a local developer to build a luxury high-rise tower in Jeddah, Saudi Arabia. The development marks the company’s first major project in the kingdom, and extends the Trump family’s business ties to Gulf countries despite concerns over conflicts of interest, should Trump regain the presidency. A $500 million five-star Trump International hotel complex in Oman is expected to open in 2028 with amenities like a golf course and a nightclub. And the Saudi-backed LIV Golf league has also paid the Trump family to host tournaments at their properties.
Beryl made landfall on the Caribbean island of Carriacou as an “extremely dangerous” Category 4 hurricane. It has since strengthened into the earliest Category 5 storm on record.
