International

Consumer Staple Stocks Higher But Lagging Broader Markets

Consumer Staple Stocks Higher But Lagging Broader Markets

March 1, 2017 at 1:14 pm 0 comments

Consumer stocks were mostly higher Wednesday, with shares of consumer staples companies in the S&P 500 adding about 0.5% in value while shares of consumer discretionary firms in the S&P 500 were climbing 1.2%. In company news, XO Group Inc. (XOXO) was in a deep hole Wednesday despite the targeted content and marketing company late yesterday swinging to a Q4Read More

Oil Prices Pare Early Gains Following Eighth Consecutive Week of Rising US Stockpiles

Oil Prices Pare Early Gains Following Eighth Consecutive Week of Rising US Stockpiles

March 1, 2017 at 11:28 am 0 comments

Oil prices were paring early gains on Wednesday after government data showed that US inventories of oil expanded last week, marking the eighth consecutive week in which stockpiles have increased. West Texas Intermediate (WTI) crude oil, the main US benchmark, was trading 0.01% lower at $53.98 per barrel recently while Brent crude, the international gauge, was 0.02% higher at $56.52Read More

Dow Pushes Past 21,000 as US Stocks Cheer Trump’s Speech

Dow Pushes Past 21,000 as US Stocks Cheer Trump’s Speech

March 1, 2017 at 11:22 am 0 comments

Stocks in the US rallied on Wednesday, with the Dow Jones Industrial Average topping 21,000 as markets applauded yesterday’s speech from President Donald Trump. On the Standard & Poor’s 500, nine of the 11 sectors rose, led by a 2.7% surge in financials and a 2.1% gain in energy. On the Dow, all but two of the 30 blue chipsRead More

Marathon Petroleum Drops Down Terminal, Pipeline and Storage Assets to MPLX

Marathon Petroleum Drops Down Terminal, Pipeline and Storage Assets to MPLX

March 1, 2017 at 8:03 am 0 comments

Marathon Petroleum (MCP) and MPLX LP (MPLX) said Wednesday that they have closed a transaction in which Marathon Petroleum contributed certain terminal, pipeline and storage assets to MPLX for total consideration of $2.02 billion. The assets include 62 light-product terminals with 24 million barrels of storage capacity; 11 pipeline systems consisting of 604 miles of pipeline; 73 tanks with 7.8Read More