MarketWatch: U.S. stocks finish lower as Wall Street takes a breather from record-setting rally
U.S. stocks finished lower on Tuesday as Wall Street took a breather...
U.S. stocks finished lower on Tuesday as Wall Street took a breather from its record-setting rally, while investors continued to gauge the likely path of the Federal Reserve's monetary policy ahead of key inflation data due later in this holiday-shortened week.
The S&P 500 was down 14.61 points, or 0.3%, to end at 5,203.58, according to Dow Jones Market Data.
The Dow Jones Industrial Average dropped 31.31 points, or less than 0.1%, to finish at 39,282.33.
The Nasdaq Composite fell 68.77 points, or 0.4%, ending at 16,315.70. It was the largest one-day point and percentage decline since March 15.
The S&P 500 and the Dow industrials booked three consecutive days of losses, while the Nasdaq ended lower for two straight sessions, according to Dow Jones Market Data.
Stocks this week eased off the gas pedal from a robust rally that has propelled the three benchmark indexes to multiple all-time highs in the first quarter of 2024. Investors awaited the February Personal Consumption Expenditures (PCE) price index print on Friday, when U.S. markets will be closed for the Good Friday holiday.
Russia Sells Shell Stake in Sakhalin LNG Project to Gazprom for $1 Billion
The Russian government has decided to sell Shell’s minority stake...
The Russian government has decided to sell Shell’s minority stake in the Sakhalin LNG project to state-controlled giant Gazprom for $1 billion, reversing a previous decision to have LNG producer and exporter Novatek have the stake which Shell abandoned after the invasion of Ukraine.
Shell and Japan’s Mitsui and Mitsubishi were minority shareholders in Sakhalin Energy Investment Co, whose biggest shareholder was Gazprom.
EQT CEO: Energy security threatened by US infrastructure barriers
The US must overcome challenges to building new energy infrastructure...
The US must overcome challenges to building new energy infrastructure in order to realize its full energy potential, strengthen domestic and global energy security, and enable emissions reduction, said EQT President and CEO Toby Rice in an interview. Additionally, Rice outlined EQT's plans to expand its presence in the liquefied natural gas market, aiming to provide international buyers with reliable energy supply and controlled pricing structures.
LNG, pipelines key to balancing oversupplied gas market
At CERAWeek, energy leaders acknowledged that the natural gas market...
At CERAWeek, energy leaders acknowledged that the natural gas market is oversupplied, but expressed confidence that upcoming liquefied natural gas export plants will boost demand and prices. New pipelines and other infrastructure are needed to alleviate congestion and facilitate the export of excess supplies, they said.
US–Israel tensions grow following UN cease-fire resolution. After...
US–Israel tensions grow following UN cease-fire resolution. After the US abstained from voting and allowed the UN Security Council to approve a resolution demanding an immediate cease-fire in Gaza for Ramadan, Israel canceled plans for a high-level delegation to come to Washington, DC, to discuss Israel’s plans for a ground invasion of the southern Gaza city of Rafah. In addition to a cease-fire, the resolution calls for the release of the hostages being held by Hamas, something the US had vetoed past resolutions for failing to include. Though the US said the abstention did not represent a policy shift, it still angered the Israeli government, which has said it will not heed the resolution.
The EU is investigating Apple, Meta, and Google under its strict new antitrust rules.
Shohei Ohtani said he never bet on baseball or asked anyone to do it for him, in the Dodgers star’s first public statement since his interpreter was fired amid a gambling scandal.
A California federal judge tossed out Elon Musk’s lawsuit against the Center for Countering Digital Hate, a watchdog group that claimed X allows hate speech, saying the case was about “punishing the Defendants for their speech.” Musk has a similar case pending against Media Matters.
The NFL will eliminate the hip-drop tackle after team owners unanimously approved the ban.
Spotify is adding classes to the things you can stream on the platform.
Trader Joe’s raised the price of its bananas for the first time in 20+ years.
