U.S. stocks close lower as Nasdaq finishes at 2-year low
U.S. stocks finished lower on Monday as all three major indexes...
U.S. stocks finished lower on Monday as all three major indexes fell for the fourth straight session and the Nasdaq Composite saw its lowest close in more than two years. The S&P 500 SPX, -0.75% closed 27.27 points, or 0.8%, lower at 3,612.39. The Dow Jones Industrial Average DJIA, -0.32% finished 93.91 points, or 0.3%, lower at 29,202.88. The Nasdaq Composite COMP, -1.04% closed 110.30 points, or 1%, lower at 10,542.10, its lowest closing level since July 28, 2020, according to Dow Jones Market Data.
Exxon Mobil Reportedly Considers Buying Plano, Texas-Based Denbury
Oil major Exxon Mobil Corp. is considering acquiring Denbury Inc., Bloomberg News reported on Oct. 10,...
Oil major Exxon Mobil Corp. is considering acquiring Denbury Inc., Bloomberg News reported on Oct. 10, citing people familiar with the matter.
Shares of Plano, Texas-based energy company Denbury rose 8% on the report.
Exxon Mobil has expressed preliminary interest in Denbury, but no final decision has been made, the report said, adding the oil major could opt against proceeding with a potential deal. Denbury was exploring options including a sale, Bloomberg reported in August.
Bridge Over Troubled Waters: The Kerch Bridge Explosion
Just hours after Vladimir Putin blew out the candles on his 70th birthday cake, the Ukrainians gave him...
Just hours after Vladimir Putin blew out the candles on his 70th birthday cake, the Ukrainians gave him something he certainly didn’t wish for: a stunning attack on his beloved Kerch Bridge, which connects the Russian mainland to the Russian-occupied Crimean Peninsula.
Why it matters: The Kerch Bridge explosion is a significant blow to Russia both tactically and symbolically. On the tactical side, it will disrupt key transportation flows that supply Russia’s military in southern Ukraine. On the symbolic side, it’s another public embarrassment to Putin, who viewed the infrastructure project as a major step in his attempt to rebuild the Russian empire. Putin himself opened the bridge in 2018 by driving a truck across it.
Inflation data is incoming. Thursday’s consumer price index release will show how...
Inflation data is incoming. Thursday’s consumer price index release will show how much we got clobbered by inflation in September. Last month, inflation came in hotter than expected, leading to a market rout. Economists hope to see some cooling in “core CPI,” which strips out food and gas prices, this time around.
Earnings Season is Back. Get Ready for Stock Market Volatility.
Earnings season is back. A stock market that’s already on edge could get another...
Earnings season is back. A stock market that’s already on edge could get another jolt of volatility this week as corporations begin to report their Q3 earnings, starting with PepsiCo on Wednesday. These reports will reveal how companies are coping with the Fed’s interest rate hikes.
