Dow ends higher, Nasdaq logs 3-day drop on Big Tech retreat
The Dow posted modest gains, but the Nasdaq and S&P 500 booked a...
The Dow posted modest gains, but the Nasdaq and S&P 500 booked a third straight day of losses, as investors remained cautious ahead of Friday's inflation update.
The Dow Jones Industrial Average gained 81.20 points, or 0.2%, ending at 39,935.07, according to preliminary FactSet data. It was up about 500 points at the session high.
The S&P 500 shed 27.91 points, or 0.5%, closing at 5,339.22 and logging a third day in a row of declines.
The Nasdaq Composite fell 160.69 points, or 0.9%, finishing at 17,181.72 and booking a third day in a row of losses.
According to Dow Jones Market Data, the S&P 500 is in the midst of its worst three-day drop since October 2023.
The small-cap benchmark Russell 2000 gained 1.3%, outperforming large-cap stocks.
EQT looks to sell more Pa. assets in debt reduction push
EQT is pursuing a sale of its remaining 60% non-operated interest in...
EQT is pursuing a sale of its remaining 60% non-operated interest in northeast Pennsylvania assets to cut debt from its $5.45 billion acquisition of Equitrans Midstream. This follows an earlier sale of a 40% stake in its northern Marcellus Shale assets to Equinor, which helped the company retire roughly $600 million in senior notes.
Oil activity blamed for latest series of W. Texas quakes
Three earthquakes, the largest with a magnitude of 4.9, rattled West Texas on Monday night, stoking concerns...
Three earthquakes, the largest with a magnitude of 4.9, rattled West Texas on Monday night, stoking concerns over the impact of intensified Permian Basin oil and natural gas extraction activities. According to US Geological Survey geophysicist Justin Rubinstein, these tremors are likely induced by secondary recovery and enhanced oil recovery techniques, which have been linked to increased seismic activity in the region since 2019.
Economic growth picked up more than expected in the spring, as cooling inflation and a strong labor market allowed consumers to keep spending even as high interest rates weighed on their finances.
The Commerce Department said on Thursday that gross domestic product, adjusted for inflation, increased at a 2.8 percent annual rate in the second quarter. That was faster than the 1.4 percent rate recorded in the first quarter, but it was down from the unexpectedly strong growth in the second half of last year.
Netanyahu defended the war in Gaza to (some of) Congress amid...
Netanyahu defended the war in Gaza to (some of) Congress amid protests. As thousands protested outside the US Capitol, Israeli Prime Minister Benjamin Netanyahu addressed a joint session of Congress yesterday—though more than 60 Democrats chose not to attend, including former House Speaker Nancy Pelosi and Kamala Harris (nearly 100 interns also called in sick as a protest). Harris cited a scheduling conflict and will meet with him later in the week, as will Donald Trump. In his pugnacious speech, Netanyahu pledged to achieve “total victory” in Gaza and did not mention the status of ongoing negotiations for a cease-fire and return of hostages. He said the US and Israel must stand together and praised both Trump and President Joe Biden, while dismissing the protesters as “Iran’s useful idiots.”
Salt Lake City will host the 2034 Olympics—though the decision came only after the IOC pressured Utah to help stop an FBI investigation into an Olympic doping scandal.
Here in 2024, the opening ceremony isn’t until tomorrow, but the Olympic Games are off to quite a start. During the first match of the men’s soccer tournament, Morocco fans ran onto the field to protest a goal for Argentina that was ultimately disallowed, cementing Morocco’s win.
Monday was the world’s hottest day ever on record. It broke the previous record set by…Sunday.
The shooter who tried to assassinate Donald Trump googled “How far away was Oswald from Kennedy?” a week before the rally, FBI Director Christopher Wray told a Congressional committee.
The UK’s King Charles is getting a £45 million ($58 million) pay raise after profits at the public estate that supports the monarchy more than doubled. He’s also planning to convert two of the Bentleys that he’s driven around in to biofuel cars in keeping with his green ambitions.
