S&P 500, Nasdaq inch up to close at records ahead of Nvidia earnings
U.S. stocks finished higher, with the S&P 500 and the Nasdaq Composite...
U.S. stocks finished higher, with the S&P 500 and the Nasdaq Composite notching new all-time closing highs as investors digested a slew of quarterly results from big retailers.
The S&P 500 was up 0.3%, to end near 5,321, posting its 24th record high so far in 2024.
The Nasdaq Composite rose 0.2%, to finish around 16,832. The tech-heavy index scored its 10th all-time high this year.
The Dow Jones Industrial Average ended below the 40,000 milestone. It advanced 0.2%, finishing around 39,873 on Tuesday.
U.S. stocks drifted around their record levels in quiet trading on Tuesday while a batch of earnings reports from some of the country's biggest retailers offered some insights into the state of the consumer.
Shares of Macy’s Inc. were up 5.2%, while the Lowe's Companies dropped by 2%.
Benchmark U.S. crude oil for June delivery fell 54 centsto $79.26 per barrel Tuesday. Brent crude for July delivery fell 83 centsto $82.88 per barrel.
Wholesale gasoline for June delivery fell 3 centsto $2.51 a gallon. June heating oilfell 3 centsto $2.46 a gallon. June natural gasfell 8 centsto $2.67 per 1,000 cubic feet.
Tanker to take on first load from Trans Mountain expansion
The first crude oil cargo from the Trans Mountain Pipeline expansion...
The first crude oil cargo from the Trans Mountain Pipeline expansion project in Canada is being loaded in Vancouver this week, according to shipping data. The load of 550,000 barrels of Access Western Blend is being exported to China, according to the data.
La. CCS plans may be complicated by abandoned wells
Capturing and storing carbon dioxide underground in Louisiana may be...
Capturing and storing carbon dioxide underground in Louisiana may be challenging due to the number of possibly leaky abandoned wells in the state, which could result in some of the stored CO2 escaping and well water being contaminated. Most CO2 injection sites have to be reviewed by the Environmental Protection Agency, but Louisiana is one of three states that have been given authority to issue their own permits and Louisiana Department of Energy and Natural Resources spokesperson Patrick Courreges says project safety is "baked into the process."
Oklahomans prepare for the long Memorial Day weekend travel
The long Memorial Day weekend is approaching this week and the travel...
The long Memorial Day weekend is approaching this week and the travel organization, AAA says 435,000 Oklahomans will be taking trips of 50 or more miles from home.
The weekend travel period will be Thursday through Monday and AAA predicts the 435,000 Oklahomans will be among an expected 43.8 million to travel for the holiday. At least 38.4 million will be driving to their destinations.
While travel by air and other modes of transportation will be up this year compared to Memorial Day 2023, the large majority – 87% of travelers – or over 380,000 Oklahoma residents – will take to the highways.
Whereas most people drive for their family vacations and holiday trips, there are still expenses to plan for.
Gas – The average gas price in Oklahoma is about $3.09/gallon, which has been trending about 50 cents less than the national average. After a rise in prices earlier this spring, prices have fallen and stayed fairly stable in recent weeks, putting Oklahoma’s average price 10 cents lower than a year ago.