Dow ends flat, Nasdaq and S&P 500 finish sharply lower as Big Tech stocks slide
U.S. stocks finished mostly lower on Tuesday, after a...
U.S. stocks finished mostly lower on Tuesday, after a selloff in megacap technology names weighed on the three major indexes ahead of the Federal Reserve’s annual economic symposium in Jackson Hole, Wyo., later this week.
The Dow Jones Industrial Average finished flat at 44,922.27, according to FactSet data. Earlier, the blue-chip index rose to a fresh intraday record, thanks to strong gains in shares of Home Depot Inc.
The S&P 500 fell 37.78 points, or 0.6% to end at 6,411.37.
The Nasdaq Composite slumped 314.82 points, or nearly 1.5% to finish at 21,314.95. It was the largest one-day point and percentage decline for the tech-heavy index since Aug. 1, according to Dow Jones Market Data.
Investors turned cautious ahead of the Federal Reserve's Jackson Hole Economic Policy Symposium on Friday, where Fed Chair Jerome Powell is set to provide insights into the central bank's future monetary-policy decisions.
Lawsuits seek billions from oil majors for La. coastal work
More than 40 lawsuits filed in Louisiana target major oil and gas companies,...
More than 40 lawsuits filed in Louisiana target major oil and gas companies, seeking billions to address damage from decades of drilling infrastructure left behind in coastal marshes. The suits, backed by state officials and coastal parishes, aim to hold oil majors like Chevron accountable for funding the restoration of land lost to erosion and environmental harm.
Permian Basin natural gas remains the engine of midstream growth, with...
Permian Basin natural gas remains the engine of midstream growth, with multiple operators expanding capacity and infrastructure to meet rising LNG and power generation demand. Major projects include Williams' newly resurrected Northeast Supply Enhancement pipeline, ONEOK's $365 million Big Horn sour gas processing plant and Energy Transfer's $5.3 billion Transwestern Pipeline expansion from the Permian Basin to Arizona. While most players are doubling down on gas, Plains All American is prioritizing crude infrastructure through divestitures and bolt-on deals.
Water management top of mind for Permian operators
Produced water management has become a priority for Permian Basin oil...
Produced water management has become a priority for Permian Basin oil and natural gas companies, which are investing heavily in solutions such as recycling, desalination and beneficial reuse. Executives at the Produced Water Society's 10th Permian Basin Conference said the goal is to reduce reliance on freshwater for drilling operations, but progress depends on scaling technology, working together and winning regulatory support.
Democrats return to Texas, clearing the path for GOP redistricting
State lawmakers— who fled Texas two weeks ago to block their Republican...
State lawmakers— who fled Texas two weeks ago to block their Republican colleagues from using their majority to implement a new election map requested by President Trump that could add five Congressional seats for the GOP in the House—returned yesterday. This allowed the Texas House to have a quorum to meet for the first time in weeks. Republicans are now expected to pass the redistricting plan, after Gov. Greg Abbott, who accused the Democrats of having run “away from their responsibility,” called a second special legislative session for them to “finish” it. But the returning lawmakers said they were now “more dangerous,” having provoked a national conversation that included the governor of California’s threat to redraw his state’s map to counterbalance Texas.
