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• U.S. stocks end slightly lower following best month for S&P 500, Dow since November 2020
  U.S. stock indexes ended slightly lower, snapping a three-session streak of gains on Monday,...
  U.S. stock indexes ended slightly lower, snapping a three-session streak of gains on Monday, following the S&P 500’s and Dow industrials’ biggest monthly gain since November 2020.
  

  
  
  • The Dow Jones Industrial Average DJIA finished down by 46.73 points, or 0.1%, at 32,798.40.
  
  
  • The S&P 500 SPX ended 11.66 points, or 0.3%, lower at 4,118.63 after flipping between small gains and losses.
  
  
  • The Nasdaq Composite COMP closed down by 21.71 points, or 0.2%, at 12,368.98.
  
  
  • Those are the largest one-day declines for all three indexes since July 26.
  
  

  
  Stocks had finished sharply higher on Friday, leaving the Dow up 6.7% for July and the S&P 500 higher by 9.1% last month; those were the biggest monthly gains since November 2020. The Nasdaq surged 12.3% for its best monthly performance since April 2020 and its strongest July on record, according to Dow Jones Market Data.
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• Devon Energy Reports Second-Quarter 2022 Financial and Operational Results
  OKLAHOMA CITY, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today...
  OKLAHOMA CITY, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the second quarter of 2022. The company’s earnings release, supplemental financial tables, updated guidance and related earnings presentation can be accessed via the Investor Relations section of Devon’s website, www.devonenergy.com.
  
  The company’s second-quarter conference call will be held at 10:00 a.m. Central (11:00 a.m. Eastern) on Tuesday, August 2, 2022, and will serve primarily as a forum for analyst and investor questions and answers.
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• Chevron, ExxonMobil press on with Permian growth plan
  ExxonMobil expects oil and gas production in the Permian Basin to increase...
  ExxonMobil expects oil and gas production in the Permian Basin to increase by 25% year-on-year while Chevron is targeting comparable growth of 15%, the firms said on Friday. Chevron drew 696,000 barrels of oil equivalent per day from the Basin in the second quarter, while ExxonMobil extracted over 550,000 boe/d, figures released by the companies show.
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• Hezbollah Threatens Israel With War Over Disputed Gas Field
  Lebanon’s armed Hezbollah group ...
  Lebanon’s armed Hezbollah group warned Israel on Sunday against drilling at an offshore gas field, renewing a threat that it could escalate the offshore border demarcation dispute to a war.
  
  Hezbollah, backed by Iran, aired a video on its Al-Manar television channel, showing drone footage of Israeli barges at the gas field and their coordinates. The video ends with footage of a rocket with the words “within range” in Arabic and Hebrew. The text on the video message opens with “Playing with time is useless,” also in both languages.
  
  Israel and Lebanon, which do not have diplomatic relations, are in a years-long dispute over the demarcation of their territorial waters in the Mediterranean.
  
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• ☕️What Else is Brewing Monday Morning
  Oleksiy Vadatursky, one of Ukraine’s wealthiest businesspeople, was killed along with his wife in a Russian missile attack on their home in the port city of Mykolaiv.
  
  England’s national soccer team won their first major women’s tournament by beating Germany in extra time at the Euro 2022 final.
  
  New York City called the monkeypox outbreak a public health emergency. NY has the most cases out of all US states.
  
  Debris from a large Chinese rocket fell back to Earth on Saturday, drawing criticism for its uncontrolled re-entry. US officials have knocked China three times now for being careless with rocket debris.
  
  The horror: Hershey said it won’t be able to meet demand for candy this Halloween
  
  
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