Stocks rebound as Wall Street claws back losses
A volatile session left the Dow, S&P 500 and Nasdaq modestly higher after a steep drop fueled by Fed rate expectations and Ukraine tensions. Investors weighed inflation fighting, supply chain costs and potential military action, with the Dow up 99.13 to 34,364.50 and Nasdaq up 86.21 to 13,855.13.
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Monolith loan boost sparks clean energy push
Under the Obama era program, Monolith Inc plans a major Hallam Nebraska plant expansion to produce hydrogen and carbon black with a federal loan guarantee. Energy Secretary Granholm hailed the move as reviving the loan program to support clean energy jobs while Goodyear backs the project. The loan office has a portfolio of over 30 projects valued at more than $30 billion and aims for more commitments in 2022 amid ongoing criticism over past losses.
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