Dow industrials finish down 200 points as stocks close lower
U.S. stocks closed lower on Monday, failing to extend robust...
U.S. stocks closed lower on Monday, failing to extend robust gains from last week, as technology shares pull back from 2023 highs.
The Dow Jones Industrial Average just shy of 200 points on Monday, or 0.6%, ending near 33,562, according to preliminary FactSet data. That was near the session’s low. The S&P 500index shed 0.2%, giving up earlier gains needed to qualify as having exited bear-market territory. The Nasdaq Composite Index ended 0.1% down.
Recent gains have largely come from a small group of technology shares, which have powered the overall stock market higher. Among the group is Apple Inc., which saw shares briefly touch a new intraday trading record on Monday. It lost its grip, however, on those gains in roughly the last hour of trade, ending the session down 1.1%, according to FactSet.
Despite the surge in travel over the long Memorial Day weekend, the national...
Despite the surge in travel over the long Memorial Day weekend, the national average for a gallon decreased by one cent since last week to $3.56 per gallon. In Oklahoma, the gas average is $3.22, down two cents in the last week and $1.04 lower one year ago.
According to new data from the Energy Information Administration (EIA), gas demand decreased from 9.43 to 9.1 million b/d last week. Lower demand has helped to cap increases in pump prices. Meanwhile, total domestic gasoline stocks dropped slightly to 216.1 million bbl. If gas demand declines, drivers will likely see pump prices fall.
Higher gas prices could be ahead after latest Saudi oil production cut
American drivers could be staring another jump in gasoline prices...
American drivers could be staring another jump in gasoline prices in the face and it is coming just as the summer driving season is here.
Saudi Arabia announced another cut in oil production, meaning it will be sending less oil to the global economy. In turn, the move is seen as an effort to prop up sagging crude oil prices.
The latest oil cut of 1 million barrels a day will begin in July as reported by MarketWatch.
Chuck Todd said he will step down as host of Meet the Press on NBC in September....
Chuck Toddsaid he will step down as host of Meet the Press on NBC in September. Kristen Welker, the network’s co-chief White House correspondent, will replace him.
Hundreds of thousands of protesters marched in Poland against the government, which they say is pushing the country toward autocracy.
Spider-Man: Across the Spider-Versegrossed an impressive $120.5 million in its North American opening weekend. That’s the second-best domestic release of the year.
Hong Kong police detained pro-democracy activists marking the anniversary of the Tiananmen Square massacre in 1989. Hong Kong used to be the only city in China where remembrances were allowed…but no longer.
The crash that killed 275 people and injured hundreds more on Friday night was caused by an ...
The crash that killed 275 people and injured hundreds more on Friday night was caused by an error in the electronic signal system, officials said. The system mistakenly guided a passenger train to travel along a track that made it collide with a freight train and derailed cars from that passenger train rolled over to another track, causing a second passenger train to derail. India will conduct a full investigation into how this happened, and the stakes are high: About 22 million people ride trains in India per day, according to the AP.