Dow logs worst day in more than two weeks as bond yields jump
U.S. stocks kicked off the second quarter mostly on a down note on Monday...
U.S. stocks kicked off the second quarter mostly on a down note on Monday as Treasury bond yields climbed and manufacturing data turned positive — suggesting continued strength in the economy that some investors fear could delay Federal Reserve interest-rate cuts.
The Dow Jones Industrial Average shed about 240 points, or 0.6%, ending at nearly 39,566.
The S&P 500 index fell 10 points, or 0.2%, closing around 5,243.
The Nasdaq Composite gained 17 points, or 0.1%, finishing around 16,396.
Ohio's oil production, previously overshadowed by natural gas, has surged...
Ohio's oil production, previously overshadowed by natural gas, has surged to a record 27.8 million barrels in 2023, marking a 41% increase from 2022, driven by factors such as favorable oil prices and technological advancements, according to Cleveland State University researchers. With vast areas of the Utica Shale yet untapped, experts believe Ohio's oil and gas boom could extend for decades.
Baker Hughes: US oil, gas rig count retreated in March
US oil and natural gas rig activity posted a second consecutive weekly...
US oil and natural gas rig activity posted a second consecutive weekly decline, falling by three to 621 last week and closing out the month of March down five units, according to Baker Hughes. New Mexico added five rigs, while Texas, Louisiana and Colorado recorded declines.
Weather, geopolitical unrest fuel US gas price hikes
Gasoline prices are increasing more quickly than normal this year, due...
Gasoline prices are increasing more quickly than normal this year, due in large part to severe weather issues and geopolitical unrest overseas, experts say. The average US cost for a gallon of gas was $3.54 on March 27, a 3% increase from a year earlier and a 14% increase over the beginning of this year.
Cleanup of the Francis Scott Key Bridge gets underway. The...
Cleanup of the Francis Scott Key Bridge gets underway. The long and complex process of clearing the collapsed bridge in Baltimore has begun, as what officials called one of the largest cranes on the Eastern Seaboard arrived on the scene. Demolition crews were on hand to cut the bridge into smaller, more manageable pieces, which will allow cranes to hoist the wreckage from the water. Maryland Gov. Wes Moore called the collapse a “national economic catastrophe” that will impact everyone from farmers in Kentucky to auto dealers in Ohio. There remains no timeline for reopening the Port of Baltimore, which handled more than $80 billion in imports and exports last year.
Israeli Prime Minister Benjamin Netanyahu underwent hernia surgery, a day after tens of thousands of Israelis protested his government’s handling of hostage negotiations. It was the largest anti-government rally since Oct. 7.
People love watching monsters battle it out on the big screen: Godzilla x Kong: The New Empire smashed expectations with an $80 million domestic debut in theaters.
X’s valuation has declined by 73% since Elon Musk bought the company, according to Fidelity.
Harvard removed human skin from the binding of a 19th-century book it had in its collections. (Not an April Fools’ headline.)
The Niagara region of Canada proactively declared a state of emergency to prepare for an expected 1 million visitors to view the eclipse next Monday.
