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• Stocks close lower Tuesday with markets focused on Wednesday's inflation data
  U.S. stocks finished lower Tuesday, with the Nasdaq Composite leading the way down, as investors await...
  U.S. stocks finished lower Tuesday, with the Nasdaq Composite leading the way down, as investors await a fresh inflation report to help gauge if the Federal Reserve's aggressive pace of rate hikes in 2022 has begun to cool the cost of living, pegged at a 41-year high in June. The Dow Jones Industrial Average DJIA, -0.18% fell about 56 points, or 0.2%, ending near 32,776. The S&P 500 index SPX, -0.42% shed 0.4%, booking its fourth session in a row of declines, while the Nasdaq Composite Index COMP, -1.19% shed 1.2%, according to FactSet data. Investors have been trying to gauge whether or not the red-hot U.S. labor market and other key aspects of inflation have become entrenched in the American economy, potentially making the central bank's goal of price stability harder to achieve, despite its recent course of jumbo rate hikes. That's made Wednesday's release of the July consumer-price index a key focus for investors. The CPI update is expected to show moderating price increases from last month, helping to pull the annual rate down to 8.7% from 9.1% in June, in part as households feel a bit of relief at the gas pump.
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• What Else is Brewing This Tuesday Morning ☕️
  Greg and Travis McMichael were sentenced to life in prison for the second time for committing a federal hate crime in murdering Ahmaud Arbery, a 25-year-old Black man.
  
  The US said it’ll send another $1 billion worth of military aid to Ukraine—its largest direct delivery of weapons since the war started.
  
  David McCullough, the Pulitzer Prize-winning author of beloved history books, died at 89.
  
  Jake Paul and his business partner Joey Levy raised $50 million for their sports betting and media company, Betr.
  
  
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• Devon Energy to buy Eagle Ford oil producer Validus in $1.8B deal
  Devon Energy (NYSE:...
  Devon Energy (NYSE:DVN) said Tuesday it agreed to acquire Eagle Ford shale operator Validus Energy for $1.8B in cash.
  
  Devon (DVN) said the acquisition secures a premier acreage position of 42K net acres (90% working interest) adjacent to the company's existing Eagle Ford leasehold.
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• US gas prices will jump back to $4.35 soon because supplies are running low, Goldman Sachs says
  Goldman Sachs has predicted the cost of US gas at the pump will jump back to around $4.35 a gallon...
  Goldman Sachs has predicted the cost of US gas at the pump will jump back to around $4.35 a gallon by the end of the year, and then reach an average of $4.40 next year, as supply shortages push up prices.
  
  Gas prices have fallen dramatically over the past month or so after topping $5 a gallon in June, as oil prices have fallen and bottlenecks at refineries have eased. The AAA said the average price was $4.059 a gallon on Monday.
  
  But Goldman said in a note Sunday it expects oil prices to pick up from here, after sharp falls in recent weeks. That's because supplies are still running low, while global demand has remained relatively strong.
  
   
  
   
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• Oil ends higher, extends bounce off six-month low
  Oil futures ended higher Monday, extending a bounce after major benchmarks last week traded at their...
  Oil futures ended higher Monday, extending a bounce after major benchmarks last week traded at their lowest levels since February on worries about the demand outlook.
  

  
  
  • West Texas Intermediate crude for September delivery CL00,rose $1.75, or 2%, to close at $90.76 a barrel on the New York Mercantile Exchange, after falling 9.7% last week.
  
  
  • October Brent crude BRN00, -0.31% BRNV22, -0.30%, the global benchmark, gained $1.73, or 1.8%, to settle at $96.65 a barrel on ICE Futures Europe, after an 8.7% decline last week.
  
  
  • Back on Nymex, September gasoline RBU22, +1.09% gained 1.1% to end at $2.8862 a gallon, while September heating oil NGU22, -5.51% shed 1.1% to close at $3.1791 a gallon.
  
  
  • September natural gas NGU22, -5.51% dropped 5.9% to end at $7.589 per million British thermal units.
  
  
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