Stock Market Overview
The S&P 500 Index ($SPX) this morning is up +0.14%, the Dow Jones Industrials Index ($DOWI) is up +0.49%, and the Nasdaq 100 Index ($IUXX) is down -0.13%.
U.S. stock indexes this morning are mixed. The S&P 500 and Nasdaq 100 both climbed to new record highs today on strength in energy stocks and positive quarterly earnings results from Goldman Sachs. The Nasdaq 100 posted modest losses on weakness in technology stocks.
A +2% jump in crude oil prices to a 1-1/2 week high today is boosting energy stocks and lifting the overall market. Notable gainers include a more than +4% increase in Occidental Petroleum (OXY), Halliburton (HAL), and Schlumberger NV (SLB). Also, Diamondback Energy (FANG), Devon Energy (DVN), and Valero Energy (VLO) are all up by more than +3%.
Goldman Sachs (GS) is up more than +3% today on strong quarterly earnings results after it reported Q1 EPS of $18.60, well above the consensus of $10.06.Weakness in technology stocks is... Read more
PORT FOURCHON, La. — The Coast Guard searched for 12 people missing off the coast of Louisiana on Wednesday after finding one dead crew member and pulling six survivors from rough seas when their commercial platform vessel capsized in hurricane-force winds.
The tiny red hearts that appear under Instagram photos of kids, kittens and sandwiches can be a source of stress for many users, an insidious way of measuring self worth and popularity.
NEW YORK — In a story April 13, 2021, about upcoming earnings reports from major U.S. banks, The Associated Press erroneously reported one finding from a recent New York Federal Reserve Bank study of how Americans plan to spend federal stimulus money. The study found that households plan to use more than one-third of their stimulus payment to pay down debt, not that one in three households would use the money for debt repayment.
MONTREAL — Cogeco Inc. says its second-quarter net profit was $110.2 million, down from a year ago, as higher financial and income tax expenses offset revenue gains at its main subsidiary.
A Federal Reserve survey has found that the economy was rebounding in late February through early April, helped by billions of dollars in a new round of stimulus payments and the stepped-up rollout of coronavirus vaccines.
EVERETT, Wash. — In a story April 12, 2021, about Boeing conducting an environmental cleanup at its Everett, Wash., plant, The Associated Press erroneously reported that the public comment period begins on April 19. The public comment period actually ends on April 19.
WASHINGTON — Federal Reserve Chair Jerome Powell on Wednesday defended the Fed's increasing scrutiny of the threat that climate change could pose to the health of the nation's banks, after some Republican members of Congress had complained that by doing so the Fed was overstepping its mandate.
Psychedelics have become the new mental health buzzword. With clinical trials supporting psychedelic ...
LONDON — Ireland's privacy regulator said Wednesday it has opened an investigation into Facebook after reports that data on more than 500 million of its users was found dumped online, in a suspected violation of strict European Union privacy rules.