🔔 Before the opening bell: US stock futures trade mixed early Monday, after the S&P 500 closed above 5,000 for the first time on Friday.
When the bell rings to open the stock market this morning, it’ll mark the first time the S&P 500, an index that tracks the largest companies in the US, begins the trading day above 5,000 points.
The latest surge has been dizzying, with the S&P rallying 20% from early November. The index has doubled since September 2017, when it was at 2,500.
Wall Street eyes earnings, inflation report: It’s another big earnings week with Shopify, Coca-Cola, Airbnb, Coinbase, and Crocs among the companies scheduled to report. Investors will also be locked into tomorrow’s consumer price index report, which is expected to show more good news about inflation and raise hopes of a Fed rate cut.
🏈Kansas City Chiefs beat San Francisco 49ers 25-22 in Super Bowl LVIII
Patrick Mahomes, Travis Kelce and the Kansas City Chiefs are back-to-back...
Patrick Mahomes, Travis Kelce and the Kansas City Chiefs are back-to-back Super Bowl champions.
Mahomes threw a 3-yard touchdown pass to Mecole Hardman with 3 seconds left in overtime, and the Chiefs rallied to beat the San Francisco 49ers 25-22 on Sunday in the second overtime game in Super Bowl history, becoming the first repeat champs in 19 years and ninth overall.
Nation’s rig count grew while Oklahoma gave one back.
The combined national count saw a gain...
The combined national count saw a gain of 4 rigs to reach 623. The number of oil rigs held steady and unchanged at 499 while the total of gas rigs increased by 4 to 121.
Oklahoma dropped to 41 rigs with the loss of one in the past week. The 41 compares to the 63 rigs reported a year ago, according to Baker Hughes.
The U.S. count is still 138 fewer than a year ago when it totaled 761. The decline included 110 oil rigs and 29 gas rigs over the past year.
BP will keep its refinery in Whiting, Ind., closed for at least three...
BP will keep its refinery in Whiting, Ind., closed for at least three weeks as it assesses damage from a facility-wide power outage a week ago. The Whiting refinery is the company's largest in North America, with the capacity to process 435,000 barrels of crude each day.
Benchmark U.S. crude oil for March delivery rose 62 centsto $76.84 per barrel Friday. Brent crude for April delivery rose 56 cents to $82.19 per barrel.
Wholesale gasoline for March delivery was unchanged at $2.34 a gallon. March heating oilrose 7 cents to $2.96 a gallon. March natural gas fell 7 cents to $1.85 per 1,000 cubic feet.