Dow sheds over 200 points, S&P 500 logs 3-day skid ahead of Friday's jobs report
U.S. stocks closed mostly lower on Thursday but off the...
U.S. stocks closed mostly lower on Thursday but off the session's worst levels ahead of the highly anticipated August jobs report.
According to Dow Jones Market Data, the Dow Jones Industrial Average fell 219.22 points,or 0.5%, to 40,755.75.
The S&P 500shed 16.66 points, or 0.3%, to close at 5,503.41. This was the third straight day of losses.
The Nasdaq Compositeended 43.36 points higher, or 0.3%, at 17,127.66.
Investors have been focused on any signs of weakness taking hold in the U.S. economy, especially since last month's labor-market report showed the unemployment rate ticking up to 4.3%, roughly a three-year high.
TGS has released a comprehensive CO2 Storage Assessment for the Illinois...
TGS has released a comprehensive CO2 Storage Assessment for the Illinois Basin, covering a 66-million-acre region, to identify optimal reservoirs for carbon sequestration using data from 2,500 wells. "The Illinois Basin Carbon Storage Assessment sets a new industry standard with its unmatched data coverage and expert analysis," says TGS executive vice president Carel Hooijkaas.
Competition Reshapes North American Pipeline Costs
Increased competition from the Trans Mountain pipeline in Canada is forcing...
Increased competition from the Trans Mountain pipeline in Canada is forcing other operators, including Enbridge, to lower their crude oil transport rates to remain competitive in the face of new market options for oil producers. "[Our] data suggests that increased westbound flows will moderately cut into volumes moving on other routes out of Western Canada, especially crude-by-rail and Enbridge's Mainline system," Wood Mackenzie analysts say.
The Energy Information Administration projects a doubling of North American...
The Energy Information Administration projects a doubling of North American LNG export capacity within the next three years, fueled primarily by expansion in the United States. This forecast hinges on the completion of all 10 LNG infrastructure projects currently in development. Meanwhile, oil major Shell anticipates global LNG demand to surge by over 50% by 2040, underscoring the growing significance of LNG in the global energy landscape.
Harris proposes a smaller capital gains tax hike than Biden
VP Kamala Harris may have been swapped in so quickly as a candidate that...
VP Kamala Harris may have been swapped in so quickly as a candidate that the party platform approved at the Democratic National Convention still had Joe Biden’s name on it, but now she’s putting her own policy spin on things, breaking with the president on the size of a proposed increase to the capital gains tax rate. Speaking in New Hampshire, Harris pitched a 28% top tax rate for when investments are sold, more than the current 23.8% top rate, but less than the 39.6% rate Biden supported.
