Dow Jones closes 190 points lower, S&P 500 books longest losing streak of 2023
U.S. stocks closed mostly lower on Monday in a choppy session...
U.S. stocks closed mostly lower on Monday in a choppy session that saw the 10-year Treasury yield briefly top 5% for the first time since in 16 years.
The S&P 500 IndexSPX ended about 7 points lower, or 0.2%, near 4,216, after flipping between modest gains and losses. That was the equity-market gauge’s fifth straight session of losses, its longest stretch of declines since Dec. 7, 2022, according to Dow Jones Market Data. The Dow Jones Industrial AverageDJIA shed about 191 points, or 0.6%, finishing near 32,936, while the Nasdaq Composite IndexCOMP rose 0.3%, after earlier trading below 12,922.216, the closing level needed to solidify a finish in correction territory. A correction is widely viewed as being set when an equity index closes at least 10% below its prior peak. The 10-year Treasury yield fell 8.8 basis points to 4.836%, after briefly punching above 5% earlier in the session.
Israel-Hamas War: Two Additional Hostages Released From Gaza
Hamas released two additional hostages on Monday, according to the group and the International Committee...
Hamas released two additional hostages on Monday, according to the group and the International Committee of the Red Cross. Their release, which Hamas said was for “humanitarian and health reasons,” came three days after the group set free an Israeli-American mother and daughter. More than 200 others are believed to still be held.
Wyo. invests $2.5M to harness Mowry Shale's riches
Funded by $2.5 million from the Wyoming Legislature, the...
Funded by $2.5 million from the Wyoming Legislature, the University of Wyoming School of Energy Resources is embarking on a series of feasibility studies to unlock the Mowry Shale's estimated 200 million barrels of untapped oil reserves. As part of the effort, researchers across various disciplines will collaborate with oil companies to address technical challenges stemming from the presence of highly absorbent bentonite clay in the formation.
Maynard Holt funds the energy transition with Veriten
The energy transition is a complex endeavor, complicated by society's thoughtlessness and harmful yet...
The energy transition is a complex endeavor, complicated by society's thoughtlessness and harmful yet widespread hostility toward oil and natural gas, says Maynard Holt, co-founder of Tudor Pickering & Holt and founder and CEO of newly formed energy industry research firm Veriten. Equipped with $85 million in its first fund, Veriten is committed to making mindful investments in the evolving energy industry, with a particular focus on the power sector.
CO2 pipeline cancellation highlights industry struggles
Regulatory uncertainty has prompted Navigator CO2 Ventures to abandon its proposed 1,300-mile Heartland...
Regulatory uncertainty has prompted Navigator CO2 Ventures to abandon its proposed 1,300-mile Heartland Greenway pipeline, which would have transported captured carbon from ethanol plants in the Midwest to a sequestration point in central Illinois. Meanwhile, Summit Carbon Solutions is gearing up for a rehearing of its initially denied application for a siting permit in North Dakota for its proposed $5.5 billion, 2,000-mile Midwest Carbon Express CO2 Pipeline Project.
