Markets: Stocks ended the day mostly flat yesterday, despite spending the morning looking like they were going to keep Friday’s big rally energy going (investors’ enthusiasm waned after two Fed officials made discouraging noises about interest rates). Still, recently hard-hit tech stocks like Tesla and several semiconductor companies started getting scooped up once again, pushing the Nasdaq into positive territory.
Dow ends lower as stocks struggle to extend rally; Nasdaq gains
U.S. stocks finished mostly lower Monday, with the Dow Jones...
U.S. stocks finished mostly lower Monday, with the Dow Jones Industrial Average giving up gains earlier in the session while a rise in technology shares failed to keep the S&P 500 in positive territory. The Dow DJIA, -0.34% ended 0.3% lower, while the S&P 500 SPX, -0.08% edged down 0.1% and the technology-heavy Nasdaq Composite COMP, +0.63% gained 0.6%, according to preliminary data from FactSet. The S&P 500's information technology sector booked the biggest gains in the index, at around 1.1%, while the healthcare sector suffered the largest losses with a 1.7% slide.
U.S. natural gas bounces 9% on profit-taking, higher demand outlook
Natural gas futures are surging Monday as traders take profits after prices ...
Natural gas futures are surging Monday as traders take profits after prices plunged to a one-year low last week and as forecasts indicate a return to colder conditions in the U.S. later this month.
Front-month U.S. natural gas futures (NG1:COM) for February delivery recently +9.2% to $4.052/MMBtu, after falling last Friday to as low as $3.52/MMBtu, its lowest level since July 2021.
Energy Department rejects oil inventory restock bids
The Department of Energy has rejected bids from oil suppliers to restock the nation's Strategic Oil...
The Department of Energy has rejected bids from oil suppliers to restock the nation's Strategic Oil Reserve with as much as 3 million barrels of crude during February. "Following review of the initial submission, DOE will not be making any award selections for the February delivery window," the agency told Reuters.
Oil prices bounce back as China reopens to the world
Oil prices have rebounded by some 3% on the hope that China's decision to re-open its borders will prompt...
Oil prices have rebounded by some 3% on the hope that China's decision to re-open its borders will prompt a rise in demand and ease fears of the global economy tipping into recession. West Texas Intermediate crude rose $2.46 on $76.23 – a rise of 3.3% – while benchmark Brent crude rose $2.29 on $80.86 – up 2.9% – during trading today.
