Dow posts best day since January despite bank woes, uncertain Fed rate path
U.S. stocks rallied to finish near session highs on Monday,...
U.S. stocks rallied to finish near session highs on Monday, as investors appeared becalmed by the latest efforts to stave off a potential global banking crisis ahead of this week’s Federal Reserve interest-rate decision.
The Dow Jones Industrial Average DJIA finished up by 382.60 points, or 1.2%, at 32,244.58. That’s the biggest percentage gain since Jan. 6, based on Dow Jones Market Data.
The S&P 500index SPX closed up by 34.93 points, or 0.9%, to 3,951.57.
The Nasdaq CompositeCOMP ended up by 45.02 points, or 0.4%, at 11,675.54 after toggling between gains and losses earlier in the day.
What's Affecting Oil Prices This Week? (March 20, 2023)
The price of Brent crude ended last week at $72.97 and the price of WTI ended the week at $66.74 in reaction...
The price of Brent crude ended last week at $72.97 and the price of WTI ended the week at $66.74 in reaction to the collapse of Silicon Valley Bank (SVB) and concerns about the stability of the financial sector.
EPA contends Oklahoma cannot block waste shipments from Ohio
Another fight with the EPA is in the making for Oklahoma Gov. Kevin Stitt and other governors who have...
Another fight with the EPA is in the making for Oklahoma Gov. Kevin Stitt and other governors who have blocked shipments of waste from the fiery train derailment in Ohio.
After Stitt blocked rail shipments of contaminated soil to a waste site in northwestern Oklahoma, EPA Administrator Michael Regan responded by stating there was no reason for states like Oklahoma to block the shipments.
“This is impermissible and this is unacceptable,” said Regan in a letter to the governors who took the action against the shipments reported the Associated Press.
Regan informed the governors they are likely violating a federal law that deals with the interstate transport of waste and of the Commerce Clause of the U.S. Constitution.
While many Fed meetings are ho-hum, the one on Wednesday will pack the drama of a prime-time Oprah interview....
While many Fed meetings are ho-hum, the one on Wednesday will pack the drama of a prime-time Oprah interview. The central bank’s plan to continue raising interest rates has been upended by the banking turmoil, and experts now say there’s a chance the Fed will pause its rate hikes to shield the banking sector from further chaos.