ETFs

By Chibuike Oguh

NEW YORK (Reuters) -U.S. stocks closed higher on Friday, buoyed by a rally in megacap growth stocks following robust quarterly results from technology heavyweights Alphabet and Microsoft in addition to moderate inflation data.

Investors cheered Alphabet's first-ever dividend, its $70 billion stock buyback program, and better-than-expected first-quarter results. Its shares jumped 10% and reached a record high, lifting the... (continue reading...)

Natural Gas Inventory 92 bcf vs 84 bcf Expected

By Chibuike Oguh

NEW YORK (Reuters) -Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected U.S. economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms.

Data on Thursday showed that the U.S. economy grew at its slowest pace in nearly two years in the first quarter while inflation accelerated, dampening hopes... (continue reading...)

• Crude Inventory -6.37M Barrels vs 1.31M Expected
• Cushing -659K
• Gasoline -634K vs -1.72M Expected
• Distillate 1.61M vs -1.82M Expected

Summary of Weekly Petroleum Data for the week ending April 19, 2024

U.S. crude oil refinery inputs averaged 15.9 million barrels per day during the week ending April 19, 2024, which was 42 thousand barrels per day less than the previous week’s average. Refineries operated at 88.5% of their operable... (continue reading...)

By Chibuike Oguh

(Reuters) -U.S. stocks closed higher on Tuesday following positive earnings from top-tier companies and as investors were focused on quarterly results from Magnificent Seven and other megacap growth stocks.

Tesla kicked off the earnings cycle for technology heavyweights after markets closed on Tuesday, announcing the launch of new electric vehicle models and quarterly revenue that missed analyst estimates. Its shares jumped... (continue reading...)