Nasdaq notches fresh peak as U.S. stocks score weekly gains
U.S. stocks finished mixed on Friday, but all three major indexes notched...
U.S. stocks finished mixed on Friday, but all three major indexes notched weekly gains.
The Dow Jones Industrial Averagefell 305.47 points, or 0.8%, to close at 39,475.90.
The S&P 500shed 7.35 points, or 0.1%, to end at 5,234.18.
The Nasdaq Compositegained 26.98 points, or 0.2%, to finish at 16,428.82, scoring a fresh record close.
For the week, the Dow rose 2%, the S&P 500 climbed 2.3% and the Nasdaq advanced 2.9%.The S&P 500 and Dow each booked their biggest weekly percentage gains since December, while the Nasdaq saw its largest weekly percentage rise since January, according to Dow Jones Market Data.
Scam Alert issued by Oklahoma Corporation Commission
The Oklahoma Corporation Commission (OCC) has been notified of emails...
The Oklahoma Corporation Commission (OCC) has been notified of emails being sent to Oil and Gas Operators from a “no reply” sender claiming to be from OCC.
The email claims outstanding fees are due, and permitting fees will be increasing. If you get such an email, do not click the link.
If you have any questions, call the OCC at 405-521-2211.
Existing Home Sales Up; Swiss Bank Cuts Interest Rates
US existing...
US existing home sales unexpectedly rise 9.5% month-over-month in February, the largest monthly gain in a year; median home price of $384,500 is up 5.7% from a year ago, marking highest median home price for any February on record (More)
Swiss National Bank becomes first major bank to cut interest rates, moving ahead of the European Central Bank and US Federal Reserve (More) | Turkey's central bank raises key interest rate to 50% to curb annual inflation of 67% (More)
ConocoPhillips to release 1Q earnings report in early May
The oil and gas company plans to release its first quarter 2024 financial...
The oil and gas company plans to release its first quarter 2024 financial results before the market opens on Thursday, May 2.
It will follow up the release with a conference call on the same day at 11 a.m. central time where leaders will discuss the results.
ConocoPhillips ended the fourth quarter with $3 billion in earnings or $2.52 per share. It was below the $3.2 billion and $2.61 per share reported a year earlier.
The company’s full-year earnings were $11 billion or $9.06 per share, a decrease from $18.7 billion and $14.57 a share reported for all of 2022.
The US Department of Justice yesterday filed a suit against Apple, alleging the tech giant violated antitrust laws in the smartphone market by making it exceedingly challenging for third parties to integrate with iPhones. The company has argued the policies are needed to maintain a high-quality user experience for their software.
The lawsuit is separate from a recent challenge against Apple's App Store, which requires up to 30% commission for any payment made via any downloaded app. Roughly 65% of US smartphone users own an iPhone. Shares of Apple dropped 4% on the news yesterday.
