U.S. stocks end on strong gains as investors brush off Iran's retaliatory strike
U.S. stocks ended higher after volatile swings on Monday,...
U.S. stocks ended higher after volatile swings on Monday, after Iran launched missiles at a U.S. military base in Qatar — though reports said Iran gave advanced warnings. At the same time, no U.S. personnel were killed or injured in the attack.
The Dow Jones Industrial Average went up 374.96 points or 0.9% to end at 42,581.78 for back-to-back gains, according to the Dow Jones Market Data.
The S&P 500 rose 57.33 points or 1% to finish at 6,025.17, snapping a three-day losing streak.
The Nasdaq Composite gained 183.56 points or 0.9% to close at 19,630.97.
Thunder win N.B.A. championship in Game 7 against Pacers
OKLAHOMA CITY — The Oklahoma City Thunder are now authors of one of...
OKLAHOMA CITY — The Oklahoma City Thunder are now authors of one of the greatest seasons in NBA history after narrowly avoiding a stunning upset with the opponent’s best player first hobbled, then seriously injured.
The Thunder won the franchise’s second championship — and first since it moved to Oklahoma City from Seattle in 2008 and rebranded from the SuperSonics to the Thunder — by capturing Game 7 of the NBA Finals over the Indiana Pacers 103-91 on Sunday.
RRC Orders Blackbuck's Disposal Well to Close Over Earthquake Fears
The Texas Railroad Commission (RRC) revoked the permit of a Delaware...
The Texas Railroad Commission (RRC) revoked the permit of a Delaware Basin water disposal well last week, following a three-year battle with Blackbuck Resources, the well’s owner.
The revocation came after the commission called for an emergency suspension of the well’s operations on May 13, after a record 5.4-magnitude earthquake for the region struck West Texas 10 days earlier, according to a Houston Chronicle report.
The May 13 order forced Blackbuck to halt operations for at least 15 days, after which the company closed the site. The latest order permanently closes the site. Blackbuck can appeal the decision in a state court.
Dangerous temperatures are expected to blanket the eastern US this week, with new records anticipated from Illinois to Maine. Ninety-eight major cities are expected to see dangerous levels of heat this week, with the mercury easily topping 100 degrees Fahrenheit in Memphis, Baltimore, Pittsburgh, and Burlington, VT. Temperatures in New York and New England will be about 20 degrees above average, though humidity will make things feel even hotter.
New risks to the global economy emerged following the US’ airstrikes...
New risks to the global economy emerged following the US’ airstrikes on three Iranian nuclear sites on Saturday (early Sunday local time). President Trump called the action a “spectacular military success” toward his goal of destroying Iran’s nuclear enrichment capacity and stopping the nuclear threat from the nation.
All eyes are on the Strait of Hormuz, which flows between Iran and Oman. About 20% of the world’s oil and gas supply needs to travel through it. The Iranian Parliament voted in favor of shutting down the strait in response to the US’ attacks, which Secretary of State Marco Rubio said would be “suicidal” if acted upon, given its economic impact. While that move would snarl US oil supply from neighboring nations, it would also affect China, Iran’s key ally and biggest oil buyer.
Commercial airlines are exercising caution. Since the fighting began between Israel and Iran, over 150 air carriers stopped flying over Israel, Iraq, and Jordan as a precaution. This weekend, British Airways and Singapore Airlines canceled or diverted flights to Dubai and Doha following the US action in Iran. More disruptions could follow.
