Dow ends flat, S&P 500 posts first back-to-back loss since early September
U.S. stocks finished mixed on Tuesday with the S&P...
U.S. stocks finished mixed on Tuesday with the S&P 500 posting its first back-to-back loss since early September as investors weighed rising Treasury yields amid concerns about an increase in deficit after the upcoming presidential election.
The Dow Jones Industrial Average finished nearly flat, at around 42,924 as of 4 p.m. Eastern time, according to FactSet data.
The S&P 500 lost less than 0.1%, to end near 5,851.
The Nasdaq Composite rose 0.2%, to finish around 18,573.
The yield on the 10-year Treasury advanced 2.5 basis points to 4.204%, while the 30-year rate rose less than 1 basis point to 4.493%. Both 10- and 30-year yields finished Tuesday’s session at their highest levels since July 25, according to Dow Jones Market Data.
Harris' campaign clarifies stance on drilling expansion
Vice President Kamala Harris'...
Vice President Kamala Harris' reversal of her past support for a fracking ban doesn't signal support for more fossil fuel drilling, according her climate engagement director, Camila Thorndike. Though Harris touted the historic rise in domestic oil production under the Biden administration, critics argue the industry's achievements happened in spite of federal policies, not because of them.
Appalachian Hydrogen Hub derailed by exits, uncertainty
Project cancellations and partner exits due to hydrogen demand uncertainty...
Project cancellations and partner exits due to hydrogen demand uncertainty and unresolved federal tax credits are casting doubt on the future of the Appalachian Regional Clean Hydrogen Hub, according to a report by the Ohio River Valley Institute. While hub leaders search for new partners, critics argue that hub's reliance on natural gas-derived blue hydrogen diminishes its potential to deliver meaningful environmental and economic benefits to the region.
Oil, gas players deploy robots for safer operations
Oil and natural gas companies such as ExxonMobil, Shell and BP are increasingly...
Oil and natural gas companies such as ExxonMobil, Shell and BP are increasingly adopting robotics to enhance safety in hazardous environments and increase productivity, according to GlobalData. By taking over routine tasks, robots free up resources and enable field technicians to focus on high-priority issues, ultimately driving both efficiency and reliability, said GlobalData analyst Ravindra Puranik.
New pipeline eases Texas gas flow, but for how long?
The launch of the Matterhorn...
The launch of the Matterhorn Express pipeline has unclogged natural gas bottlenecks in Texas, bringing relief to producers and driving up prices at the Waha hub, where gas recently hit its highest level since mid-June. However, analysts warn the pipeline may be filled to capacity within 12 to 18 months, potentially causing constraints until the next major project, the Blackcomb pipeline, begins operations in 2026.
