Dow ends over 400 points lower to start December as stocks snap 5-day win streak
The major U.S. stock-market indexes closed lower on Monday,...
The major U.S. stock-market indexes closed lower on Monday, starting the month of December in negative territory.
This puts an end to a five-day winning streak that pushed the Dow Jones Industrial Average 4.3% higher, the S&P 500 4.8% higher and the Nasdaq 5.8% higher over that stretch.
Although the indexes all ended the day less than 1% lower, the CoinDesk Bitcoin Price Index fell by more than 6%. Meanwhile, the Cboe Volatility Index was up over 4%.
The Dow Jones Industrial Average closed at 47,289.33, down 0.9%.
The S&P 500 closed at 6,812.63, down 0.5%.
The Nasdaq Composite closed at 23,275.92, down 0.4%
EIA: Alaskan Crude on Growth Track, Adding 13% in 2026
Alaskan crude oil production is on...
Alaskan crude oil production is on track to grow 13% in 2026, the sharpest annual increase since the 1980s, according to the U.S. Energy Information Administration (EIA).
The increase amounts to 55,000 bbl/d—more than tripling the agency’s initial assessment in March for growth of 16,000 bbl/d—which is expected to push 2026 oil production to 477,000 bbl/d. The new estimate for the year is that the most oil will be sourced from Alaska since 2018, the EIA said.
❄️ Over 12k flights delayed yesterday due to winter storm
Our long ...
Our long Thanksgiving travel nightmare is not yet over. FlightAware reported 12,008 delays into or out of the United States yesterday, as well as 977 cancellations into or out of the US, mostly due to a major winter storm that has impacted the Midwest, the western Great Lakes, and parts of the East Coast (which will get hit with another storm today and tomorrow). According to the National Weather Service, affected areas received six to 12 inches of snow and endured gusty winds and other hazardous travel conditions. The FAA reported that the airports of Salt Lake City, Minneapolis, Rochester, BWI, and Ronald Reagan all had to deice planes. Airlines for America had predicted that a record-breaking 31 million passengers would fly for the Thanksgiving holiday, with 3.4 million expected to pass through the airports yesterday, before the weather disruptions.
After a record-setting Black Friday, US shoppers are poised to break...
After a record-setting Black Friday, US shoppers are poised to break more records today. It’s the biggest online shopping day of the year, and the results will offer a window into the state of the US consumer. Additional data will come in the form of earnings reports this week. American Eagle delivers results on Tuesday, followed by Dollar Tree, Five Below, and Macy’s on Wednesday. Then, Kroger, Ulta, and Dollar General report earnings on Thursday, and Victoria’s Secret reports on Friday. Preliminary consumer sentiment data will also be released by the University of Michigan on Friday.
Big week for football in America: The draw for the...
Big week for football in America: The draw for the upcoming World Cup—hosted by the US, Canada, and Mexico—will take place on Friday. Then, the match times and venues will be announced on Saturday. Elsewhere in the soccer world, Lionel Messi’s never-ending quest to add to his trophy case continues in South Florida on Saturday, when Messi’s Inter Miami hosts Vancouver in the MLS Cup final. The other kind of football (the one with the pigskin) is also heating up this weekend, with some of the nation’s top college teams hoping they can make it out of their conference championships with their playoff hopes still alive.
Authorities in Hong Kong continued to arrest suspects in a corruption probe following a devastating fire in a residential apartment complex on Nov. 26 that killed at least 146 people.
