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Crude Oil Prices Edge Higher on Stronger U.S. Demand, Potential Delay in OPEC+ Output Hike
Crude Oil Prices Edge Higher on Stronger U.S. Demand, Potential Delay in OPEC+ Output Hike
Oct 31, 2024
05:10 AM EDT, 10/31/2024 (MT Newswires) -- Crude oil prices edged higher late Wednesday following the release of this week's U.S. crude oil inventory report, which fueled optimism about U.S. fuel demand. After recording gains in the previous session, Brent crude eased 0.1% to US$72.47 per barrel and West Texas Intermediate crude eased 0.1% to US$68.56/b at last look early...
US Equity Indexes Slide as Big Tech Results Underwhelm, Treasury Yields Climb
US Equity Indexes Slide as Big Tech Results Underwhelm, Treasury Yields Climb
Oct 31, 2024
12:59 PM EDT, 10/31/2024 (MT Newswires) -- US benchmark stock indexes dropped after quarterly results from Microsoft ( MSFT ) and Meta Platforms ( META ) disappointed investors, and as government bond yields rose after investors weighed the Federal Reserve's preferred inflation data. The S&P 500 dropped 1.4% to 5,730.5 after midday Thursday, with the Nasdaq Composite down 2.4% to...
Sector Update: Energy
Sector Update: Energy
Oct 31, 2024
01:30 PM EDT, 10/31/2024 (MT Newswires) -- Energy stocks were higher Thursday afternoon, with the NYSE Energy Sector Index up 0.3% and the Energy Select Sector SPDR Fund (XLE) rising 0.6%. The Philadelphia Oil Service Sector index was posting a 0.8% increase, and the Dow Jones US Utilities index was adding 1.5%. Front-month West Texas Intermediate crude oil was rising...
Sector Update: Tech Stocks Tumble Thursday Afternoon
Sector Update: Tech Stocks Tumble Thursday Afternoon
Oct 31, 2024
01:50 PM EDT, 10/31/2024 (MT Newswires) -- Tech stocks slumped Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) falling 3% and the SPDR S&P Semiconductor ETF (XSD) plunging 4.8%. The Philadelphia Semiconductor index tumbled 4.4%. In corporate news, Microsoft ( MSFT ) shares fell 5.5% as investors focused on growth in the company's Azure business after fiscal Q1...
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