Stock Market Overview
The S&P 500 Index ($SPX) on Wednesday closed down -0.11%, the Dow Jones Industrials Index ($DOWI) closed down -0.21%, and the Nasdaq 100 Index ($IUXX) closed up +0.03%.
U.S. stock indexes on Wednesday settled mixed after the Nasdaq 100 initially posted a new record high. A rally in crude prices Wednesday to a new 2-1/2 year high boosted energy stocks. Also, strength in technology stocks on was positive for the overall market and pushed the Nasdaq 100 up to a new all-time high. Stock indexes erased their gains on hawkish Fed comments. Wednesday’s U.S. economic data was mixed for stocks.
Energy stocks and energy service providers moved higher Wednesday after crude prices posted a new 2-1/2 year high. Occidental Petroleum (OXY) closed up more than +3% Wednesday and Devon Energy (DVN), Enphase Energy (ENPH), and Pioneer Natural Resources (PXD) all closed up more than +1%.
Technology stocks were mostly stronger Wednesday, led by a +5% jump in Tesla (TSLA). Also, Mi... Read more
SYDNEY, Australia — A state government minister has been infected with COVID-19 and another minister is in isolation as a cluster in the Australian city of Sydney worsens.
John McAfee, the outlandish security software pioneer who tried to live life as a hedonistic outsider while running from a host of legal troubles, was in his jail cell near Barcelona on Wednesday.
MADRID (AP) — John McAfee, the creator of McAfee antivirus software, was found dead in his jail cell near Barcelona in an apparent suicide Wednesday, hours after a Spanish court approved his extradition to the United States to face tax charges punishable by decades in prison, authorities said.
A company whose northern Illinois chemical plant was heavily damaged in a fire last week defended its use of firefighting foam containing toxic chemicals Wednesday, saying crews had taken steps to contain the material.
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