U.S. stocks end higher, with Nasdaq wiping out 2025 losses
The stock market closed higher Tuesday, with the technology-heavy...
The stock market closed higher Tuesday, with the technology-heavy Nasdaq Composite erasing its 2025 losses to join the S&P 500 in positive territory for the year.
The Dow Jones Industrial Average ended 0.5% higher [+214.16] on Tuesday, while the S&P 500 rose 0.6% [+34.43] and the Nasdaq Composite gained 0.8%, [+156.34] according to preliminary FactSet data. The Nasdaq is now up 0.5% so far in 2025.
The U.S. stock market climbed Tuesday as investors assessed fresh data showing job openings rose more than expected in April. The number of job openings in the U.S. increased to 7.4 million in April, exceeding the 7.1 million forecast by economists polled by the Wall Street Journal.
The Dow advanced for a fourth straight day but came up just shy of totally wiping out its 2025 losses, finishing Tuesday down 0.1% year to date, the preliminary FactSet data show. The S&P 500 booked back-to-back gains on Tuesday, increasing its climb so far in 2025 to 1.5%.
Tejon Treating and Carbon Solutions LLC has completed a significant expansion of its Mongoose amine treating plant and gas gathering network in West Texas, increasing its capacity to 70 million cubic feet per day. This upgrade includes new delivery points and full electrification of the plant, enhancing its ability to process sour gas from Midland basin producers and reduce emissions.
Sempra has secured final federal approval from the Energy Department for its planned Port Arthur liquefied natural gas export facility in Texas. The Biden administration previously paused approvals for new LNG projects pending an assessment of their impact on climate change.
The Department of Energy is to cancel $3.7 billion in grants awarded...
The Department of Energy is to cancel $3.7 billion in grants awarded to clean energy projects such as carbon capture and storage, Energy Secretary Chris Wright has announced. The grants, mostly awarded during President Joe Biden's final months in office, also supported cleaner cement and natural gas.
Jamie Dimon’s retirement is “several years” away. You...
Jamie Dimon’s retirement is “several years” away. You won’t have to learn the name of a new top dog at JPMorgan just yet. Although the 69-year-old CEO shocked the finance world last year by saying he’d step down within the next five years, ramping up speculation about possible successors, Dimon said in an interview that Fox Business aired yesterday that his retirement wasn’t imminent, although “it’s always up to God and the board.” He added, “I love what I do.”
Ukraine and Russia did not reach a ceasefire agreement during their second round of peace talks yesterday, but they did agree to further prisoner exchanges. The talks, which only lasted about an hour, were largely overshadowed by Ukraine’s significant drone attack on Russia’s bomber fleet on Sunday.
Bristol-Myers Squibb agreed to an $11 billion deal to license a next-generation cancer drug from BioNTech.
Italy’s Mount Etna erupted yesterday, sending smoke into the air “several kilometers high” and forcing tourists to flee.
Marc Maron will end his popular podcast WTF With Marc Maron this fall after more than 15 years of high-profile interviews.
