MarketWatch: Dow books fourth straight day of losses as stocks end mixed
Major U.S. stock benchmarks ended mixed Tuesday, with the Dow Jones Industrial Average booking...
Major U.S. stock benchmarks ended mixed Tuesday, with the Dow Jones Industrial Average booking a fourth straight day of losses, on the eve of a key inflation reading.
The Dow Jones Industrial Average DJIA fell 84.96 points, or 0.3%, to close at 32,160.74, in a fourth straight day of losses that marked its largest four-day percentage decline since the stretch ending October 29, 2020.
The S&P 500 SPX gained 9.81 points, or 0.2%, to finish at 4,001.05, snapping a three-day losing streak.
The Nasdaq Composite COMP advanced 114.42 points, or 1%, to end at 11,737.67, also snapping a three-day losing streak.
On Monday, the Dow fell 654 points, or 2%, while the S&P 500 declined 3.2%, to close below the 4,000 threshold and at its lowest since March 31, 2021. The Nasdaq Composite plummeted 4.3% to its lowest finish since November 2020.
US energy trade with Mexico, Canada increased in 2021
The US exported $42 billion worth of energy products to Mexico in 2021, the highest...
The US exported $42 billion worth of energy products to Mexico in 2021, the highest value since 1996, while the total value of energy trade between the two countries climbed to a level not seen in nine years, according to Census Bureau data analyzed by the Energy Information Administration. US energy trade with Canada also improved in 2021, with exports to Canada rising 40% to $21.9 billion and imports from Canada surging 76% to $102 billion.
The European gas crisis exacerbated by Russia's invasion of Ukraine will push global demand for liquefied...
The European gas crisis exacerbated by Russia's invasion of Ukraine will push global demand for liquefied natural gas to 480.6 million short tons by the end of the year, exceeding available supply by 28.6 million short tons, Rystad Energy predicted. "By shunning Russian gas, Europe has destabilized the entire global LNG market that began the year with a precarious balance after a tumultuous 2021," said Rystad analyst Kaushal Ramesh, adding, "For producers, it suggests the next LNG boom is here, but it will arrive too late to meet the sharp spike in demand."
Back in Mid-March, the Energy Information Administration (EIA) ...
Back in Mid-March, the Energy Information Administration (EIA) reported weekly retail average gasoline prices across all grades of $4.41 a gallon. That was the highest weekly average ever reported by the EIA (but it isn’t adjusted for inflation). Previously the highest weekly average reported took place in July 2008, when crude oil prices reached nearly $150 a barrel.
However, since reaching $4.41/gal, the national average dropped to about $4.20/gal as oil prices pulled back to ~$100/bbl. Barring a new geopolitical event that impacts the oil markets, it seems likely that the price of gasoline will remain below that March peak for now.
