U.S. stocks finished lower on Friday following hawkish comments from a top Federal Reserve official and...
U.S. stocks finished lower on Friday following hawkish comments from a top Federal Reserve official and downbeat retail sales data. Meanwhile, a spate of big-bank earnings came in better than expected, boosting some financial stocks.
The S&P 500 fell 0.2%, while the Nasdaq Composite declined 0.4% and the Dow Jones Industrial Average shed around 143 points, or 0.4%.
All three of the main indexes logged their fourth weekly gainin five, with the S&P 500 rising 0.8%, Nasdaq gaining 0.3%, and the Dow up 1.2%, according to FactSet data. Shares of JPMorgan Chase & Co., Citigroup Inc., and Wells Fargo & Co. all climbed after their quarterly earnings surpassed Wall Street expectations.
BP achieves first oil at Argos platform in US Gulf
BP has commenced oil production from its Argos offshore platform in the US Gulf of Mexico, part of the...
BP has commenced oil production from its Argos offshore platform in the US Gulf of Mexico, part of the Mad Dog 2 field, marking the company's first expansion in the region since 2008. With the ability to produce 140,000 barrels per day, the new platform increases BP's US Gulf production capacity by about 20%.
Midwest CO2 pipeline projects advance despite opposition
Undeterred by opposition from some landowners, politicians and environmental groups, Summit Carbon Solutions,...
Undeterred by opposition from some landowners, politicians and environmental groups, Summit Carbon Solutions, Navigator CO2 Ventures and Wolf Carbon Solutions US are pressing ahead with plans to build a vast network of carbon dioxide pipelines in the Midwest. Despite concerns and heated debates about the use of eminent domain and underground CO2 injection, legislative attempts to regulate or block these projects have so far failed to gain traction, leaving the companies with a clear path to pursue their goals.
Dow trades flat as investors assess first-quarter earnings, retail sales data
US stock futures near even, early Friday, as investors...
US stock futures near even, early Friday, as investors wait for big banks to kick off earnings season and shed some light on the economic outlook. Here are the latest market moves.
Big bank earnings: Citigroup, JPMorgan, Wells Fargo, and BlackRock, all reporting.
The energy sector is off to a mixed to higher start, supported by mild...
The energy sector is off to a mixed to higher start, supported by mild strength in the crude complex while the major equity futures trade is near the flatline. Futures tied to the S&P 500 and the Dow pared losses as resilient earnings from big U.S. banks helped assuage fears of further stress in the sector after the failure of two mid-sized lenders last month sparked concerns about a potential recession.
WTI and Brent crude oil futures edged higher after the West's energy watchdog said it expected global demand to rise to a record high this year on the back of a recovery in Chinese consumption. The International Energy Agency also warned that output cuts announced by OPEC+ producers could exacerbate an oil supply deficit and hurt consumers.
Natural gas futures are down in early trading as the NOAA's 6-10 day outlook shows below-normal temps for much of the western US, extending across the Northern Plains into parts of the western Great Lakes
