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• ☕️What Else is Brewing Friday Morning
  Japan’s Nikkei stock index hit an all-time high. Stocks...
  Japan’s Nikkei stock index hit an all-time high. Stocks surged 2.1% yesterday, surpassing the record set in 1989 at the height of the country’s postwar economic boom. Nvidia’s epic Q4 earnings helped lift stocks around the world, but Japan’s surge was already bubbling, thanks to foreign investors, strong corporate profits, and the downturn in China. Still, Japan’s economy remains in a recession as—unlike in the US and much of the world—officials are keeping interest rates low to spur inflation and stop the yen from weakening.
  
  Reddit filed to list its IPO on the New York Stock Exchange under the ticker “RDDT.” It’ll be the first social media company to go public since Pinterest in 2019 when it debuts on the market next month.
  
  Yale will once again require applicants to submit standardized test scores, following Dartmouth’s announcement of the same earlier this month.
  
  US officials reportedly conducted an inquiry into allegations that allies of Mexican President Andrés Manuel López Obrador had ties to drug cartels.
  
  Home sales rebounded in January after buyers were enticed back into the market with more reasonable mortgage rates.
  
  The world’s oldest dog was posthumously stripped of his title after the Guinness World Records could not prove he was 30 years old at the time of his death.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil...
  
  
  Benchmark U.S. crude oil for April delivery rose 70 cents to $78.61 per barrel Thursday. Brent crude for April delivery rose 64 cents to $83.67 per barrel.
  
  Wholesale gasoline for March delivery rose 4 cents to $2.33 a gallon. March heating oil rose 4 cents to $2.75 a gallon. March natural gas fell 4 cents to $1.73 per 1,000 cubic feet.
  
  

  
  

  
  
  
  
  
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• Dow, S&P 500 surge to record-high closes after Nvidia’s blockbuster earnings
  U.S. stocks surged Thursday, with the Dow Jones Industrial Average and...
  U.S. stocks surged Thursday, with the Dow Jones Industrial Average and S&P 500 indexes setting another round of records and the Nasdaq finishing just shy of its first record close since 2021, after Nvidia Corp.’s blowout earnings unleashed a wave of optimism that drove global markets higher.
  
  The Dow DJIA rose around 457 points, or 1.2%, to end near 39,069, according to preliminary figures.
  
  The S&P 500 SPX advanced around 105 points, or 2.1%, to finish near 5,087.
  
  The Nasdaq Composite COMP advanced around 461 points, or 3%, ending near 16,041. The index briefly traded above its record close of 16,057.44, set on Nov. 19, 2021.
  

  
  
  
  
  
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• NGL demand boosts midstream players' Q4 performance
  Robust demand for natural gas liquids contributed to a strong...
  Robust demand for natural gas liquids contributed to a strong fourth-quarter performance for midstream operators such as Enterprise Products Partners and Williams, prompting plans for further NGL infrastructure expansion. "We have NGLs growing at a faster pace than crude oil. We're seeing it across our system. Storage is going to become increasingly valuable," said Enterprise Products co-CEO and CFO Randy Fowler.
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• US gas firms' LNG outlook positive despite permits pause
  Despite the Biden administration's pause on new export permits, US natural...
  Despite the Biden administration's pause on new export permits, US natural gas producers remain optimistic about liquefied natural gas market growth, foreseeing minimal disruption to existing and under-construction projects. Projects such as Golden Pass LNG in Texas and Plaquemines LNG in Louisiana, expected to enter commissioning phase this year, will help nearly double feed gas demand from around 13 Bcf/d in 2023 to almost 25 Bcf/d by 2028, according to S&P Global Commodity Insights projections.
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