Every S&P 500 sector closed in the red with losses ranging from 0.4% (financials)...
Every S&P 500 sector closed in the red with losses ranging from 0.4% (financials) to 3.4% (energy).
The energy sector was in last place, by a wide margin, while energy complex futures sold off.WTI crude oil futures fell 5.5% to $91.60/bbl. Natural gas futures fell 2.6% to $9.06/mmbtu. Unleaded gasoline futures fell 7.0% to $2.53/gal. This comes after Bloomberg reported that the EU is set to meet its gas storage filling goal two months ahead of target. Also, European Commission President von der Leyen said that emergency intervention is being planned to rein in energy prices.
Dow ends down 300 points as U.S. stocks extend losing streak
U.S. stocks closed sharply lower Tuesday, after signs of a strong labor market sparked fears the Federal...
U.S. stocks closed sharply lower Tuesday, after signs of a strong labor market sparked fears the Federal Reserve may need to be more aggressive in cooling the economy as it aims to tame hot inflation. The Dow Jones Industrial Average DJIA, -0.96% finished around 1% lower, while the S&P 500 SPX, -1.10% and the technology-laden Nasdaq Composite COMP, -1.12% each slid around 1.1%, according to preliminary FactSet data. The Labor Department said Tuesday that U.S. job openings rose to 11.2 million in July. That was the first rise in four months, while the number of people quitting remained high even as it edged down slightly in July.
Cheniere plans further expansion of Corpus Christi plant
Cheniere Energy has filed documents with the Federal Energy...
Cheniere Energy has filed documents with the Federal Energy Regulatory Commission unveiling plans to expand its Corpus Christi liquefied natural gas export facility in Texas with two more production trains and a 7.77-million-cubic-foot storage tank. The company intends to apply formally to the FERC in February, begin construction in Oct. 2024 and commission the expansion in the second half of 2031.
The Bureau of Land Management has approved ExxonMobil's plans for a carbon sequestration development...
The Bureau of Land Management has approved ExxonMobil's plans for a carbon sequestration development in Wyoming's Lincoln and Sweetwater counties, making it the first project of its kind on public lands to achieve this milestone. The project, expected to enter service in 2025, includes a pipeline and disposal well with the capacity to sequester 60 million cubic feet of carbon dioxide per day at a depth of 18,000 feet in the water leg of the Madison formation.
MarketWatch: Dow industrials down nearly 300 points as Tuesday comeback bid crumbles
U.S. stocks gave up early gains Tuesday, after data showed further strength in the labor market, leaving...
U.S. stocks gave up early gains Tuesday, after data showed further strength in the labor market, leaving major indexes on track to extend a run of losses to a third straight session in the aftermath of a hawkish speech from Federal Reserve Chair Jerome Powell at the end of last week.
What’s happening
The Dow Jones Industrial Average DJIA, -0.75% fell 283 points, or 0.9%, to 31,816, after falling more than 300 points at its session low.
The S&P 500 SPX, -0.90% was down 44 points, or 1.1%, to 3,987.
The Nasdaq Composite COMP, -1.05% declined 157 points, or 1.3%, to 11,860.
On Monday, the Dow fell 184 points, or 0.6%, while the S&P 500 shed 0.7% and the Nasdaq Composite lost 1%.
