US stock futures fall early Tuesday, as investors await the next round of corporate...
US stock futures fall early Tuesday, as investors await the next round of corporate earnings from Big Tech companies. Meanwhile, consumer confidence data for April is also due to be released later today. Here are the latest market moves.
On the docket: Alphabet, Microsoft, Bank of America, all reporting.
U.S. stocks end mixed, with tech-heavy Nasdaq booking modest loss
U.S. stocks closed mixed on Monday, with the Nasdaq Composite slipping ahead of Big Tech earnings due...
U.S. stocks closed mixed on Monday, with the Nasdaq Composite slipping ahead of Big Tech earnings due out this week. The Dow Jones Industrial Average DJIA, +0.20% closed around 0.2% higher, while the S&P 500 SPX, +0.09% edged up 0.1% and the tech-heavy Nasdaq COMP, -0.29% fell 0.3%, according to preliminary data from FactSet. Information technology was the S&P 500’s worst-performing sector on Monday, falling around 0.4%, preliminary data from FactSet show.
The energy sector is off to a mixed-to-lower start on modest declines...
The energy sector is off to a mixed-to-lower start on modest declines in the crude complex and major market futures. U.S. equities are trading slightly lower in the pre-market ahead of a busy week for earnings while investors also await U.S GDP data for the first quarter, the personal consumer expenditures Index for March, and consumer confidence numbers for April.
WTI and Brent crude oil are lower as investors balance a slowing economy with growing concerns over tight supply. The market is also closely watching first-quarter earnings, as they have sparked worries of a weakening U.S. economy so far, following worse-than-expected corporate earnings from the technology sector. A cooling economy, along with expectations the Federal Reserve will raise interest rates when they meet next month, is clouding the demand outlook. However, China’s economic recovery is lending support, as they most recently released customs data which showed the country brought in record volumes of crude shipments in March.
Natural gas futures are down on forecasts for milder weather and less heating demand in the near term.
DOE introduces new conditions for LNG project extensions
In a bid to improve market certainty and decision-making, the Energy Department has unveiled a new policy...
In a bid to improve market certainty and decision-making, the Energy Department has unveiled a new policy that requires companies seeking a seven-year start date extension for their liquefied natural gas export projects to demonstrate they have commenced construction or face extenuating circumstances. Additionally, the agency has granted a request to extend Port Arthur LNG's startup date to 2028 and denied Energy Transfer's second extension request for the Lake Charles LNG project in Louisiana.
Oil Prices Steady On Uncertain Global Outlook and Supply Concerns
Oil prices are steady on April 24 as concerns over rising interest rates, the global economy, and the...
Oil prices are steady on April 24 as concerns over rising interest rates, the global economy, and the outlook for fuel demand were balanced by the prospect of tightening supplies.
Brent crudeslipped 34 cents to $81.32/bbl around 9:30 AM ET. Meanwhile, U.S. West Texas Intermediate crude was down 22 cents at $77.65.
Both contracts fell more than 5% last week for their first weekly declines in five as U.S. implied gasoline demand fell from a year earlier.
