Nasdaq Surges 150 Points; US Inflation Rate Slows To 3.4% In July
US stocks rise, Nasdaq up 150 points. Dow up 0.13%, Nasdaq up 0.62%, S&P 500 up 0.35%. IT shares up 1.2%, healthcare down 0.9%. CPI rises 3.4%.
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US stocks rise, Nasdaq up 150 points. Dow up 0.13%, Nasdaq up 0.62%, S&P 500 up 0.35%. IT shares up 1.2%, healthcare down 0.9%. CPI rises 3.4%.
Greenland Energy shares fell after hours following an update on its Greenland project planning and permitting process.
The U.S. government has secured a major agreement with Venezuela granting access to 65 billion barrels of proven oil reserves through 100-year concessions across 17 oilfields. Chevron is positioned as the primary immediate beneficiary with plans to boost Venezuelan crude production by up to 50%, while oilfield services companies like SLB and Halliburton are expected to benefit from an estimated $100 billion infrastructure investment needed to modernize Venezuela's oil industry. Energy ETFs including XLE, VDE, OIH, and IYE are positioned to capture gains from this multi-year investment cycle.
https://www.wsj.com/business/energy-oil/chevron-other-u-s-firms-near-deal-to-invest-billions-in-venezuelan-oil-fields-55739e38?mod=breakingnews