The Daily Energy News Beat Markets show 2-23
Tech sell of continue amid Chairman Powell’s meeting notes of managing inflation
• S&P 500: -0.8%
• Nasdaq: -2.1%
• Dow Jones: -0.42%
“The economy is a long way from our employment and inflation goals, and it is likely to take some time for substantial further progress to be achieved,” the Fed chief said in prepared remarks for the Senate Banking Committee.
Tesla traded 4% lower after sliding as much as 13% earlier, following a 9% decline in the previous session. Apple lost 1.7% after a 3% slide on Monday. The iPhone maker’s stock is down about 11% over the last month.
Crude Oil and Natural Gas News
Crude oil prices trade flat amid market turbulence, causing E/P stocks to rise through all this selling. Crude oil price currently trading around $61.59. Natural gas prices drop as weather models turn warm, with natural gas prices currently trading around $2.901
US Energy News
• Earnings on earnings on earnings