U.S. stocks end mostly up as Dow and S&P 500 score fresh record highs
U.S. stocks closed mostly higher Friday, with the Dow Jones Industrial...
U.S. stocks closed mostly higher Friday, with the Dow Jones Industrial Average and S&P 500 both eking out fresh record highs as mega cap chip maker Nvidia Corp. extended its rally.
The Dow Jones Industrial AverageDJIArose 62.42 points, or 0.2%, to close at 39,131.53.
The S&P 500SPXedged up 1.77 points, or less than 0.1%, to book an all-time closing high of 5088.80.
The Nasdaq CompositeCOMPfell 44.80 points, or 0.3%, to finish at 15,996.82.
For the week,the Dow gained 1.3%, the S&P 500 rose 1.7% and the technology-heavy Nasdaq Composite advanced 1.4%, FactSet data show.
With natural gas prices hitting multi-decade lows amid an oversupplied...
With natural gas prices hitting multi-decade lows amid an oversupplied market, US gas producers are taking drastic measures to mitigate losses, including well shut-ins, project cancellations and sales. The downturn has derailed Denver-based BKV's initial public offering plans, while companies such as Comstock Resources, Antero Resources and Chesapeake Energy are responding to the weak price environment with production and spending cuts.
Gauging Trans Mountain expansion's impact on US refiners
The upcoming startup of Canada's 590,000-barrel-per-day expansion of...
The upcoming startup of Canada's 590,000-barrel-per-day expansion of the Trans Mountain pipeline will limit the availability of cheap Canadian crude oil to US markets, affecting US refiners to varying degrees. While West Coast refiners stand to gain from reduced shipping costs compared to Alaskan crude, their inland counterparts, such as those in the Midwest, will face disproportionate challenges due to restricted alternatives.
Jerome Powell may still be working on his soft landing, but over on the...
Jerome Powell may still be working on his soft landing, but over on the moon, it’s already been done.
Last night, Intuitive Machines’s Odysseus lander became the first US spacecraft to land on the moon since Apollo 17 in 1972, marking a huge step forward for lunar discovery, private space missions, and anyone gunning for Zenon: Z3 to become a reality.
After teams on the ground fixed a last-minute navigation issue, the Houston-based company’s lander made it to the southern pole region of the moon around 6:30pm ET on Thursday, a week after it launched into space aboard a SpaceX rocket. Odysseus can now begin its journey to discover if there’s water in the moon’s craters.
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.
