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U.S. stocks closed with the expectation of interest rate cuts boosted by non-farm payrolls, with the S&P and Nasdaq hitting new highs! Tesla rose nearly 38% in eight days, while Nvidia cooled off.
In June, non-farm payroll employment in the USA fell sharply, with significant downward revisions to previous data, and the unexpected rise in unemployment rate highlighted a cooling labor market, leading the market to bet over 70% on rate cuts in September and December.
Express News | U.S. Energy Stocks Fall; Chevron Corp, Exxon Mobil Corp, Marathon Oil Corp, Schlumberger Down Between 1.6%-2.3%
Schlumberger's Quarterly Earnings Preview: What You Need to Know
Schlumberger's OneSubsea Wins Green Production System Deal For TotalEnergies' Angola Project
Schlumberger Limited (NYSE:SLB) disclosed that its OneSubsea joint venture won a contract from TotalEnergies SE (NYSE:TTE) for a Subsea Production System.As per the terms, SLB OneSubsea and TotalEnerg
Top High Quality Stocks That Pay Dividends - UBS
Sector Update: Energy Stocks Edge Higher Premarket Wednesday
Energy stocks were edging higher premarket Wednesday, with the Energy Select Sector SPDR Fund (XLE) up 0.1%. The United States Oil Fund (USO) was 0.1% higher and the United States Natural Gas Fund (UN