Natural gas prices rose by 1.48% and closed at $2.72 per MMBtu (British thermal units in millions) on July 10. Natural gas prices rose due to short covering.
The FOMC minutes were released on July 8. US markets ended lower because the Fed didn’t provide a time for a rise in the target range for the federal funds rate.
In fiscal 3Q15, NAND contributed 32% towards Micron’s (MU) overall revenues. NAND flash memory is a key component in tablets, ultrabooks, smartphones, and e-readers.
August WTI crude oil futures contracts rallied for the first time in the last six days. Crude oil prices rose by 2.18% and closed at $52.78 per barrel on July 9, 2015.
Since January 1, Marathon Oil has underperformed the upstream energy industry and most of its peers. During this period, Marathon Oil’s stock has posted a -8.5% return.
The Financial Select Sector SPDR Fund (XLF) closed at $24.54 on Monday, having fallen 1.4% in the last week. Year-to-date, XLF has underperformed the benchmark.
Delek Logistics (DKL) was the top gainer among midstream MLPs (master limited partnerships) at the end of trading on July 9. It rose 2.80% yesterday.
Agricultural and livestock commodities such as corn, coffee, beef, pork, chicken, and cheese play an important role in the restaurant business, as demand and supply factors impact prices.
NuStar Energy was the best performing MLP among the selected peer group over the past year. It returned -0.1%. It outperformed AMLP by 12.5%.
Humana (HUM) and Aetna (AET) are two major health insurance companies. This merger will be closely analyzed by the regulatory authorities.
The week ending July 6 was a rough one for US equities. Greeks rejected the austerity offer, and Grexit fears resurfaced, causing investors to pull away from risky assets.
The Financial Sector Select SPDR ETF (XLF) was up 1.52% during the trading session ending on July 1, largely driven by insurance stocks, which rose 2.7%.
GlaxoSmithKline is a British multinational pharmaceutical company with a significant presence in the US. GSK has over 100,000 employees in operations around the world.
Market analysts say US investors feel largely protected from Greece’s financial woes, though its troubles have sent jitters through global markets.
Major players in the dry bulk shipping space have taken a hard fall this year. China’s appetite for iron ore and coal has waned, driving the current oversupply in the market.
The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) was the best performer in the energy sector in terms of year-to-date returns in the week ending June 26.
Natural gas futures contracts for August delivery fell by 1.1% on Wednesday. Natural gas prices fell for the third day and settled at $2.69 per MMBtu on July 8.
The non-farm payrolls report for June showed that the US economy added 223,000 jobs. This helped equities reduce losses. Wage growth remained tepid.
NYMEX-traded WTI crude oil futures fell by 1.29% on July 8. Crude oil prices fell due to an unexpected rise in crude oil stocks in the oversupplied market.
Enable Midstream (ENBL) was the worst performer among midstream MLPs at the end of trading on Wednesday, July 8. It fell 4.92% in a single trading session.