MarketWatch: Stocks stage a dramatic comeback Monday to end higher
Stocks rallied late Monday to end higher, dulling some of the pain of a brutal April selloff....
Stocks rallied late Monday to end higher, dulling some of the pain of a brutal April selloff. The Dow Jones Industrial Average DJIA, 0.26% rose about 86 points, or 0.3%, to end near 33,063, after tumbling to 32,449.87 at the session's low. The S&P 500 index SPX, 0.57% advanced 0.6% and the Nasdaq Composite Index COMP, 1.63% closed up 1.6%. The rally came despite the continued climb of the 10-year Treasury yield to 2.995% on Monday, the highest since November 30, 2018, according to Dow Jones Market Data. Rates volatility has been significant factor this year in dramatic bond-market losses, as well as the sharp decline in once highflying technology stocks. The upswing for equities also comes ahead of a two-day Federal Reserve policy meeting that kicks off Tuesday, with the central bank widely anticipated to raise its policy rate by 50 basis points at the end of the gathering on Wednesday.
Unconfirmed Reports Claim Putin To Undergo Cancer Surgery, Temporarily Transfer Power To Ex-KGB Chief
Unconfirmed reports are surfacing that Russian President Vladimir Putin...
Unconfirmed reports are surfacing that Russian President Vladimir Putin is preparing to undergo cancer surgery and will temporarily transfer his authority to Nikolai Patrushev, head of the Russian federal police’s Security Council, while he is undergoing the medical procedure.
What Happened: A Russian-language Telegram channel called "General SVR" first reported the news in a posting that is no longer online. The New York Post reported the channel is allegedly run by someone calling himself “Viktor Mikhailovich,” although the channel’s operator is reportedly a former Russian Foreign Intelligence Service lieutenant general.
As of this writing, there has been no confirmation of this story from the U.S. Department of State or any independent entity outside of Russia.
The EU is set to propose a Russian oil embargo, but Putin ally Hungary pushes back: 'It makes no sense'
The European Union is gearing up to propose a full Russian oil embargo, but Hungary has threatened to...
The European Union is gearing up to propose a full Russian oil embargo, but Hungary has threatened to block it.
"Since decisions require unanimity, it makes no sense for the commission to propose sanctions affecting natural gas and crude oil that would restrict Hungarian procurements," Cabinet Minister Gergely Gulyas told HirTV Sunday.
Pa. gas drillers use third-party monitoring companies
Some energy companies in Pennsylvania are hiring independent third parties to monitor production and...
Some energy companies in Pennsylvania are hiring independent third parties to monitor production and confirm that their operations are meeting government standards. Pennsylvania Independent Oil & Gas Association President and Executive Director Dan Weaver said the process is part of a new gesture in responsibly sourced gas and those that "want to be good neighbors by holding themselves to a high standard can now have a third party certify that they are doing what they say they are doing."
Natural gas futures inched higher this morning, trading up 19 cents at $7.43, as parts...
Natural gas futures inched higher this morning, trading up 19 cents at $7.43, as parts of the country move from heating demand to cooling demand, which could increase the amount of gas power generators burn to meet air conditioning loads and keep storage injections lower than usual in coming weeks.
