Light crude settles at 88.54 per barrel
The market reports light, sweet crude priced at 88.54 dollars per barrel, reflecting current trading levels. Traders track supply and demand signals as global markets respond to economic indicators and geopolitical developments influencing energy costs.
Stocks rise on Fed stimulus hopes and Dow gains
Stocks rose on Tuesday as investors priced in potential Fed stimulus. The Dow gained 20.70 points to 11,559.95, with Boeing among leaders after board approval for a redesigned engine model, while the S&P 500 and Nasdaq edged higher. Retailers lagged as consumer confidence fell to its lowest since April 2009.
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Federal Reserve
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Joseph Saluzzi
Themis Trading
Dow
Boeing Co
Airbus
Standard & Poor
Kohl’s Corp
Lowe’s Cos
Best Buy Co. Inc
U.S
New York Stock Exchange
Stephen Carl
Williams Capital Group
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Boeing bets on MAX engine for 737 to boost fuel efficiency
Boeing will reengine the 737 with the Leap-1B engine from CFM International, targeting up to 12 percent fuel efficiency gains over the current model and 4 percent per seat versus the Airbus A320neo. Deliveries expected in 2017 with five airlines already ordering 496 planes, as American Airlines plans large buys and competition with Airbus heats up.
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Toulouse
Automakers bet on compact cars amid steady demand
Auto makers including General Motors Ford Toyota and Hyundai plan overtime at compact car plants as consumer demand holds despite weak confidence. The focus is on the Cruze Elantra Focus and other small, fuel efficient models with prices around 16 000 to 40 mpg highway.
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Elantra
Scott Fink
Fink
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