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Stocks & Bonds

S&P 500 Posts 0.6% Weekly Gain as Telecom, Consumer Staples Climb But Energy, Materials Weigh

The Standard & Poor’s 500 index rose 0.6% this week, with the telecommunications and consumer-staples sectors leading to the upside while the energy and materials sectors weighed amid declines in related commodities. The market benchmark ended the week at 2850.13, up from last week’s closing level of 2,833.28. The weekly gain came as many sectors were boosted throughout the week […]

Dow Jumps to Six-Month High as US Stocks Rally on Trade Talk Optimism

Hess’ Southeast Asian Offshore Natural Gas Assets Attract Bidders

The offshore natural gas assets of Hess Corp. (HES), estimated to be worth as much as $5 billion, have attracted bids from several energy firms, Reuters reported, citing sources. The New York-based company has a collection of gas fields in the North Malay Basin in offshore Malaysia and in the Malaysia-Thailand Joint Development Area. It has not yet decided whether […]