Dow finishes up 700 points as stocks rally following jobs report
Stocks rose Friday, with the Dow Jones Industrial Average ...
Stocks rose Friday, with the Dow Jones Industrial AverageDJIA logging its biggest point gain of 2023 after a strong May jobs report. The Dowrose around 701 points or 2.1%, according to preliminary figures. The S&P 500 SPX jumped 1.5% to close near 4,282, just shy of the 4,292.84 level that would mark an exit from the bear-market territory for the large-cap benchmark. The Nasdaq CompositeCOMP rose 1.1%.
ExxonMobil has announced a carbon capture and storage contract with US steel giant Nucor, involving the...
ExxonMobil has announced a carbon capture and storage contract with US steel giant Nucor, involving the capture, transport and storage of up to 881,000 short tons of carbon dioxide annually from Nucor's manufacturing plant in Convent, La., beginning in 2026. The deal is Exxon's first with a hard-to-abate industry and expands its CCS customer base to a total of 5.51 million short tons per year.
US stock futures rise early Friday as investors digest the May jobs...
US stockfutures rise early Friday as investors digest the May jobs report. The Senate also passed the key debt-ceiling deal, ending the threat of a US default. Check out the latest market moves.
Earnings on deck: Mercurity Fintech, Sectra, and more, all reporting.
The Pentagon is buying Starlink terminals to use in Ukraine.
The Defense Department announced it will ...
The Defense Department announced it will purchase Starlink satellite internet terminals from Elon Musk’s SpaceX to bolster Ukraine’s defenses in its fight against Russia. The agreement is the latest curveball in an often contentious relationship between Musk and the US military over Starlink—the terminals have been crucial for preserving Ukraine’s communications infrastructure during the war, but Musk tweeted several months ago that he doesn’t want them used to escalate a “conflict that may lead to WW3.”