S&P 500 and Dow industrials moving lower Monday as Nasdaq ekes out an early gain
U.S. stocks opened lower Monday, extending last week’s losses...
U.S. stocks opened lower Monday, extending last week’s losses as Treasury yields climbed.The Dow Jones Industrial Average DJIA was down 0.2% soon after the opening bell, while the S&P 500 SPX shed 0.2% and the Nasdaq Composite COMP slid 0.3%, according to FactSet data, at last check. On Friday, the S&P 500 and Nasdaq each booked a third-straight weekly decline as rising bond yields hurt equities in the wake of the Federal Reserve’s policy meeting. The yield on the 10-year Treasury note was up nine basis points at around 4.53% on Monday morning.
US Gulf oil lease sale expansion order faces appeal
The Interior Department and environmental groups plan to ask the US Court of Appeals for the 5th Circuit...
The Interior Department and environmental groups plan to ask the US Court of Appeals for the 5th Circuit to block US District Judge James Cain's order to expand this week's upcoming US Gulf of Mexico oil and natural gas lease sale to its original coverage area. The administration withdrew more than 6 million acres from the sale to protect the endangered Rice's whale.
Usher tapped to headline 2024 Super Bowl halftime show in Las Vegas Feb. 11 (...
Usher tapped to headline 2024 Super Bowl halftime show in Las Vegas Feb. 11 (More) | Miami Dolphins beat Denver Broncos 70-20, scoring the most single game points by an NFL team since 1966 (More) | Taylor Swift spotted in luxury box at Kansas City game (More)
Meta is planning to release AI chatbots with their own personalities this week, per the WSJ.
Post-tropical cyclone Ophelia dropped heavy rainfall on densely populated areas on the East Coast over the weekend. New York City issued a travel advisory through Sunday, while city residents who live in basement apartments in at-risk areas were told to prepare to move to higher ground and avoid flooded subway stations. The Weather Prediction Center warned that excessive rainfall over parts of the northern mid-Atlantic and southern New England from yesterday into this morning could create flash flooding.
Stock investors face a wall of worry headed into the end of the year
Investors face a growing list of risks heading into the fourth...
Investors face a growing list of risks heading into the fourth quarter that just keeps getting bigger — from rising interest rates to a possible revival of inflation and gridlock in Washington that may become headwinds for economic growth.
The Federal Reserveremains in rate-hiking mode and is unlikely to cut borrowing costs next year by as much as previously thought. The prospect of $100-a-barrel oil at a time of expanded strikes by the United Auto Workers union is reigniting inflation concerns. Meanwhile, mitigating factors that could slow economic growth — such as the possibility of a government shutdown and the resumption of student-loan payments — might not be enough to shake the Fed’s inflation-fighting resolve. READ MORE
