Dow rallies 500 points to cap off best month since October 2022
U.S. stocks finished mostly higher Thursday as the Dow capped off its...
U.S. stocks finished mostly higher Thursday as the Dow capped off its biggest monthly gain since October 2022. Among the major three indexes, only the Nasdaq Composite finished lower on Thursday. The S&P 500 and the Nasdaq still managed to log their best monthly percentage-point gain since July 2022. On Thursday, the DowDJIA gained 519.91 points, rising 1.5% to finish at 35,950.33, its biggest daily point gain since Nov. 2. The S&P 500SPX gained 17.12 points, or 0.4%, to close at 4,567.69. The Nasdaq COMP shed 32.27 points, or 0.2%, to finish November at 14,226.22. U.S. stocks enjoyed a broad rally this month, with 10 of the 11 S&P 500 sectors finishing higher. Only energy stocks finished November with a loss, dragged down by lower crude oil prices.
Firms seek new shale frontiers amid Tier 1 inventory crunch
The diminishing availability of Tier 1 drilling sites in North American shale is compelling oil and natural...
The diminishing availability of Tier 1 drilling sites in North American shale is compelling oil and natural gas operators to venture into deeper and less-explored zones to sustain drilling activity. The Permian Basin's Midland and Delaware portions have roughly 10 and 15 years of remaining premium locations, respectively, but geologically viable, albeit costlier, inventory in peripheral zones such as the Middle Spraberry and Wolfcamp D formations could extend the Permian's lifespan from 17 to about 32 years, according to Enverus Permian analyst Stephen Pratt.
Nearly two weeks after its discovery, the US Coast Guard is still hunting for the source of a Gulf of...
Nearly two weeks after its discovery, the US Coast Guard is still hunting for the source of a Gulf of Mexico oil spill believed to originate from Third Coast Infrastructure's 67-mile Main Pass Oil Gathering system. The Coast Guard said no new oil releases or wildlife impacts have been observed over the past week and noted that 3% of daily Gulf of Mexico production remains shut in.
An Indian government employee conspired to assassinate...
An Indian government employee conspired to assassinate a US citizen in June, US prosecutors charged yesterday. The foiled plot allegedly targeted a New York City-based Sikh separatist leader, a faction of the Indian religious minority group who seeks an independent state in northern India (see 101).
Charging documents detail the unnamed senior officer's recruitment of 52-year-old Indian national Nikhil Gupta to hire a hitman in May. Gupta's efforts led him unwittingly to an FBI source, who referred Gupta to an agent undercover as an assassin. The target, Gurpatwant Singh Pannun, is an attorney for the separatist group Sikhs for Justice and was designated as a terrorist in 2020 by New Delhi. Gupta was arrested upon traveling to the Czech Republic in late June.
Stock-market futures point to 200-point Dow gain capping November rally
Stocks stayed pretty ...
Stocks stayed pretty flat yesterday. But things are looking up: New government data shows the economy grew even more last quarter than was previously thought and, if things go well today, all three major averages could report their biggest monthly gains of the year. Meanwhile, Cigna and Humana fell after the Wall Street Journal reported that the two insurance behemoths were in talks to merge.
🔔 Before the opening bell Thursday:US stock futures rise early Thursday as investors watch for data on personal consumption expenditures and weekly jobless claims.
If I were president... the Jamie Dimon edition.Billionaire hedge-fund manager Bill Ackman asked the JPMorgan CEO what he’d do if he were president. One of his ideas: raise taxes for people like Ackman.
