Dow ekes out gain as rising yields leave S&P 500, Nasdaq lower to kick off March
U.S. stocks closed mostly lower Wednesday, with the S&P 500 booking back-to-back losses, as Wall...
U.S. stocks closed mostly lower Wednesday, with the S&P 500 booking back-to-back losses, as Wall Street began March on a downbeat note. The Dow Jones Industrial Average DJIA, +0.02% edged up less than 0.1% to close about flat, while the S&P 500 SPX, -0.47% shed 0.5% and the technology-heavy Nasdaq Composite COMP, -0.66% dropped 0.7%, according to preliminary data from FactSet. Stocks mostly fell amid rising Treasury yields as investors weighed remarks from Minneapolis Federal Reserve President Neel Kashkari, who on Wednesday indicated he’s undecided about whether he will advocate for the central bank to raise its benchmark rate by a quarter of a percentage point or a half point at its meeting later this month. The yield on the two-year Treasury note jumped 9.2 basis points on Wednesday to 4.887%, the highest since July 17, 2007, according to Dow Jones Market Data.
US stock futures rise early Wednesday after Wall Street...
US stock futures rise early Wednesday after Wall Street closed out a losing February for stocks. Meanwhile, hopes for global economic recovery rose after China's manufacturing activity grew at the fastest pace in over a decade. Here are the latest market moves.
On the docket: Okta, Budweiser, Celsius, all reporting.
Venture Global LNG and Excelerate Energy Inc. signed a 20-year LNG sales and purchase agreement (SPA)...
Venture Global LNG and Excelerate Energy Inc. signed a 20-year LNG sales and purchase agreement (SPA) from the Arlington, Virginia-based company’s liquefaction facility being built in Plaquemines Parish, Louisiana.
Under the terms of the deal, Excelerate will acquire 0.7 million tonnes per annum (mtpa) of LNG on a free on-board (FOB) basis from the facility, Venture Global announced on Feb. 28 in a press release.
At least 36 people have died after two trains collided head-on in Greece. Survivors...
At least 36 people have died after two trains collided head-on in Greece. Survivors said they had to use luggage to break windows and escape. The full story.
Gold gaining early Wednesday on heels of worst month since 2021
Gold futures for April ...
Gold futures for April GC00, 0.28%GCJ23, 0.29% delivery climbed $8.50, or 0.5%, to $1,845 per ounce on Comex after booking a monthly decline of 5.6% for February, the largest monthly loss for a most-active contract since June 2021, according to FactSet data.
