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Source: EIA | Higher oil prices, increased drilling efficiency, and structurally lower debt needs have contributed to lower interest expenses for some...
U.S. stocks finished mixed on Tuesday to kick off the second half of the year, as investors began rotating out of megacap technology names and into cyclical sectors amid a broader market rally.
The Dow Jones Industrial Average rose 0.9%, to finish near 44,495, according to preliminary data from FactSet. The blue-chip index has risen for four straight trading days.
The S&P 500 was off 0.1%, to end at around 6,198.
The Nasdaq Composite fell 0.8%, ending near 20,202.
The S&P 500's information-technology and communication-services sectors were the only two of the index's 11 sectors to end in the red on Tuesday, while the materials sector advanced 2.3% and the healthcare sector was up 1.4%, according to FactSet data.
Earlier in the day, Senate Republicans narrowly approved President Donald Trump's signature tax-and-spending package. The vote was 51-50, with Vice President J.D. Vance casting the tie-breaking vote.
The sweeping bill must now pass the House of Representatives before heading to the president’s desk.
Federal Reserve Chair Jerome Powell also said on Tuesday morning that the U.S. central bank is still going "meeting by meeting" in its approach to interest-rate decisions. But he didn’t directly acknowledge whether or not a potential rate reduction at the end of this month would be too soon.
Wildfires are scorching parts of southern Europe as a lingering heat wave bakes swaths of the continent, prompting health alerts and evacuations.
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by Andreas Exarheas | RigZone.com |In a release sent to Rigzone this week, Enverus announced...
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