MarketWatch: Dow ends up over 650 points Friday as stocks trim weekly decline
U.S. stocks finished sharply higher on Friday, snapping a five-day losing streak thanks...
U.S. stocks finished sharply higher on Friday, snapping a five-day losing streak thanks in part to stronger-than-expected retail sales data and a moderation in inflation expectations. But Friday's rally --- which marked the best daily performance in three weeks --- still wasn't enough to overcome earlier losses, leaving stocks with a weekly loss. The Dow Jones Industrial Average DJIA, 2.15% gained 658.09 points, or 2.2%, to 31,288.26. The S&P 500 SPX, 1.92% advanced 72.78 points, or 1.9%, to 3,863.16. The Nasdaq Composite COMP, 1.79% climbed 201.24 points, or 1.8%, to 11,452.42.
ConocoPhillips has signed an agreement with Sempra Infrastructure for a 30% equity stake in the Port...
ConocoPhillips has signed an agreement with Sempra Infrastructure for a 30% equity stake in the Port Arthur LNG project in Texas. The deal also includes a 20-year tolling agreement to offtake 5 million metric tons per year of liquefied natural gas from the terminal.
3 US oil companies join methane reporting initiative
ConocoPhillips, Devon Energy and Pioneer Natural...
ConocoPhillips, Devon Energy and Pioneer Natural Resources have joined the methane emission reporting program Oil and Gas Methane Partnership 2.0 Initiative. The three US companies join 80 others, which together represent 30% of the world's oil and gas production assets, in reporting emissions data, in an effort "to advance meaningful change at a fast pace," said Devon Energy CEO Rick Muncrief.
Elsewhere, data shows China's economic growth has slowed sharply in the second quarter of the year....
Elsewhere, data shows China's economic growth has slowed sharply in the second quarter of the year. Meanwhile, Pinterest shares soared as much as 20% in premarket trading, after the Wall Street Journal reported Elliott Management has accumulated a stake of over 9% in the company. Here are the latest market moves.