S&P 500 ends holiday week at all-time high as Nasdaq books 3.5% weekly advance
U.S. stocks finished higher Friday, with the S&P 500 notching a record...
U.S. stocks finished higher Friday, with the S&P 500 notching a record high to close out a week of gains following the July 4 holiday.
The Dow Jones Industrial Averagerose 67.87 points, or 0.2%, to close at 39,375.87.
The S&P 500 climbed 30.17 points, or 0.5%, to finish at 5,567.19.
The Nasdaq Composite gained 164.46 points, or 0.9%, to end at 18,352.76.
The S&P 500 booked its 34th record close of 2024, while the Nasdaq logged its 24th all-time closing high this year, according to Dow Jones Market Data.
For the week, the Dow climbed 0.7%, the S&P 500 advanced 2% and the technology-heavy Nasdaq rallied 3.5%. The Nasdaq scored a fifth straight week of gains, posting its biggest weekly percentage rise since the stretch ending April 26, according to Dow Jones Market Data.
Nambia Oil Discovery Highlights Focus Remains on Fossil Fuels
In a clear sign that fossil fuel demand remains robust despite the global...
In a clear sign that fossil fuel demand remains robust despite the global push toward green energy, major oil companies are aggressively pursuing a significant stake in Galp Energia’s substantial oil discovery offshore Namibia. This rush underscores the belief that the demand for oil and gas will persist well into the future, reported Zacks.
Permian truckers fight for better pay, working conditions
Permian Basin frack sand truckers, joined by local environmental activists,...
Permian Basin frack sand truckers, joined by local environmental activists, blocked entrances to West Texas sand mines during a recent one-day protest against low wages and poor working conditions. Their demands include pay for wait times, which can extend up to 18 hours, and access to restroom facilities.
On July Fourth, voters in the UK declared their independence from government leaders they felt weren’t...
On July Fourth, voters in the UK declared their independence from government leaders they felt weren’t working for them. After 14 years at the helm, the Conservative Party has been kicked out of power.
Voters handed the Labour Party its biggest majority in history—it won 410 seats out of 650 in the House of Commons—while incumbent PM Rishi Sunak’s Conservative Party got 131, the fewest in the party’s history. That means former government prosecutor Keir Starmer, leader of the Labour Party, is the new prime minister, tasked with turning around a reeling economy.
Harris memes go viral as Biden pledges to stay in race. As...
Harris memes go viral as Biden pledges to stay in race. As speculation mounts around President Biden’s candidacy post-debate, he vowed to stay in the race in a fundraising email on Wednesday. “I’m the Democratic Party’s nominee. No one is pushing me out. I’m not leaving,” he wrote. But that’s not stopping supporters of VP Kamala Harris (known as the #KHive) from flooding social media with memes about her. Should Biden step aside, Harris would be a shoo-in to replace him at the head of the ticket, Axios reports. Biden’s first TV interview since the debate will air on ABC tonight at 8pm ET.
The parent company of Saks Fifth Avenue is buying Neiman Marcus for $2.65 billion.
Delta switched to an only-pasta menu for roughly 75 international flights on Wednesday after reports of “spoiled food” forced a plane on its way to Amsterdam to divert to New York.
