Latest news with #May2023
Yahoo
4 hours ago
- Business
- Yahoo
Nasdaq ends month 9.5% higher, S&P 500 records best May since 1990
US stocks (^DJI, ^IXIC, ^GSPC) close out Friday's trading session mixed, the Nasdaq Composite falling nearly 0.4% while leading monthly gains and closing out May trading over 9.5% higher. Market Domination Overtime's Josh Lipton and Yahoo Finance markets and data editor Jared Blikre eye the past month's market and sector trends. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Trade and tariffs were of course back on the radar for investors today. President Trump going after China on social media, talking tough. We had a new report that the US plans to broaden restrictions on China's tech sector, but if we add it up and we look at our major indices here, we've got the Dow tacking on about a 10th of a percent, up about 50 points. The S&P 500 also basically flat. Your tech heavy Nasdaq down about a third of a percent. Jared, over to you. Well, thank you. Let's check out some of the monthly totals here because the S&P 500, by my calculations, this is the fifth best May ever since 1928, the best since 1990, and also the second best since 1948. And here we go. This is the intraday. We barely climbed into the green by the end of the day, but here is a month to date and you can see we're up 6.15%. The Dow, nothing to write home about, but very positive, almost 4%. And then Nasdaq really outperforming here. That was up 9.5%. And it was a very interesting market month for the bond market. Here's the 30-year T-bond yield, and this is finishing up at 4.93%, a little venture above 5%, caused some consternation for equities for stocks a few weeks ago or last week, but we are in below that critical threshold right now. And then here's the US dollar index almost flat, just slightly to the downside for the month. We were up, we were down and at the end of the day, not really doing too much here. Here is the sector action and we're going to have much more discussion on this. Josh, you and me lipped in in about 30 minutes, but here's what happened today. This is utilities, staples and communication services in the lead, energy and consumer discretionary, throw tech in there and also materials, those were all red into the downside. Over the month though, let's check that out. Everything in the green except for healthcare. Tech was leading the way up almost 10%, followed by industrials up about 9, and consumer discretionary just below that and communication services up 6%. So really the mega cap sectors were the best performing and you can see that behind me here. Apple kind of out of the mix. Apple was down 5.5%, but among the mega caps, we got Microsoft up 16.5%, Nvidia after its earnings finally printed up 24%, most of that came before that. Tesla up 22% and Broadcom also up 25%. So three of those big mega cap names, if you include all eight, Broadcom, three of those were above 20%. And I'm going to leave it on the Dow here. This is what happened in the Dow this month. There's Apple again standing out in the red, but the biggest loser is United Health down here. That was down 26.7%. Salesforce after earnings went to the negative and then Merck down 10%, just underscoring that it was not a great month for healthcare here. Sign in to access your portfolio
Yahoo
6 hours ago
- Entertainment
- Yahoo
Savannah Chrisley Speaks Out in First Interview Since Todd and Julie's Prison Release, Says Her Parents Are 'in Shock' (Exclusive)
The Chrisley family is adjusting to a new era. Todd and Julie Chrisley returned home from prison on Wednesday, May 28, after President Donald Trump issued full and unconditional pardons. Now, their daughter Savannah Chrisley tells PEOPLE exclusively how the couple and their family are adjusting to their new normal. "Oh my gosh, it has been amazing. It's still just kind of ... it doesn't feel real," the Unlocked with Savannah Chrisley podcast host, 27, says. "We were going to bed last night. We're like, 'Is this real?' And then, I wake up this morning and my mom's walking into my bedroom and I'm like, it's absolutely insane!" "We are just so grateful and ready to kind of start getting back to normal life, obviously, the best we can," she continues. "Everything's a whirlwind right now, and it's kind hard to live a normal life with how things are right now, but we'll get there." As for how her parents are doing overall, Savannah says: "I do know that they're doing great." "It's obviously an adjustment. ... I think they're kind of just in shock right now," she explains. "It's just a big adjustment when you're in prison for two and a half years, and then you go back to so-called normal life. I can't imagine." "I just think it's a lot for them, but they're enjoying it. We're all spending time together," she adds. "And obviously, when they're ready to talk about their feelings and emotions, I know that they will articulate it well, like they always do." Todd, 57, and Julie, 52, were indicted in August 2019 and later convicted in 2022. After being sentenced to a combined 19 years in prison in November 2022 (though it was reduced in September 2023), they reported to prison in January 2023. They had been appealing their case ever since. During that time, Savannah became both the family breadwinner and legal caretaker of her younger siblings Grayson, now 19, and Chloe, now 12. She was also inspired to not only launch her Good Girl RX business (an endeavor she's also doing while building up her real estate business) but diving into prison reform. "I'm not just going to be working with CPAC [Conservative Political Action Conference]. I'm going to be working with so many other organizations. There's another organization that I'm in talks with now, just about having a larger role within their organization, and I'm super excited about that. So I'll be back in DC probably within the next week or two," she explains. is now available in the Apple App Store! Download it now for the most binge-worthy celeb content, exclusive video clips, astrology updates and more! "This doesn't just stop at my family. What ignited this flame was obviously my parents and fighting for them and getting them home. But once I saw the system and how broken it was, and I started to foster relationships with these men and women that are in prison, I just knew that I had to do something about it. So thanks to my parents and their story, it's opened my eyes to something so much greater. And right now, it's just when the fight begins." The PEOPLE Puzzler crossword is here! How quickly can you solve it? Play now! Savannah says her parents are committed to helping, too. "I know that they just have a heart now. They have a heart for these men, women that are in prison and who they feel like they've left behind," she says. "It's like the saying, when you know better, you do better. And they've experienced it firsthand, and now they know too much to not do something about it. So, I do know that it's going to be a large focus of theirs." Read the original article on People
Yahoo
14 hours ago
- Entertainment
- Yahoo
Sheinelle Jones' 'Today 'Colleagues Show Their Support at Her Husband Uche Ojeh's Funeral
Sheinelle Jones' husband, Uche Ojeh, died of glioblastoma, an aggressive form of brain cancer, on Friday, May 23 That day, her Today show colleagues announced his death on behalf of Jones to viewers Jones' colleagues were spotted alongside her at Ojeh's funeral on Friday, May 30 in New York CitySheinelle Jones' Today show colleagues continue to stand by her side following her husband Uche Ojeh's death. Ojeh (full name Uchechukwuka Adenola Ojeh) died of brain cancer on Friday, May 23. He was 45. His funeral was on Friday, May 30, in New York City. Jones' coworkers Savannah Guthrie, Craig Melvin, Al Roker, Jenna Bush Hager and Hoda Kotb attended the service in remembrance of Ojeh. Photos show the emotional group leaving the service, per the New York Post. A teary Melvin was photographed holding a tissue, while Bush Hager, 43, stood beside him, and Kotb, 60, Roker, 70, and his wife, Deborah Roberts, were behind them. Another image showed Guthrie, 53, teary-eyed, descending the church steps. Guthrie announced with "profound sadness" that Jones' husband of 18 years, died after a "courageous battle" with glioblastoma, an aggressive form of brain cancer, on May 23. They share three kids: 15-year-old Kayin and 12-year-old twins Clara and Uche. Guthrie was joined by Today co-hosts Carson Daly, Dylan Dreyer, Roker, Bush Hager and Melvin, 46, as she shared the news and they reflected on how "strong" Jones has been. "Sheinelle has been so strong through all of this, as was Uche," Guthrie said. 'There are no words for the pain we feel for Sheinelle and their three young children. Uche was an incredible person,' Guthrie continued. 'We all loved him. And so we want to take a moment to tell you more about the remarkable man who was Sheinelle's perfect partner in life.' "We just want to say Sheinelle, Kayin, Uche and Clara and the Ojeh family: we are with you, we love you,' she said. 'You are our family and we're just sending all of our love to you right now." Several of Jones' colleagues reiterated Guthrie's sentiments. Daly, a father of four, reflected on the death of his 46-year-old father when he was 5 years old. 'You think so much about these young children, your heart goes out to them,' Daly said. 'So I pray for their family and the kids that they'll have that fortune as well.' Melvin provided insight into his friendship with Ojeh and explained how he was a devoted father. 'One thing he always talked about, he talked about those kids. He loved those kids more than anything else in this world and was just so proud,' Melvin said. 'He was that dad that was on the sidelines of all the soccer games. He was at all the concerts and the recitals. He was that guy." In the wake of the announcement, Jones shared a message on social media on Friday, May 23. "Thank you, for all of your love and support. ❤️" Jones captioned a video of the Today segment. Never miss a story — sign up for to stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories. Jones and Ojeh first crossed paths at Northwestern University. Jones met Ojeh when she was a freshman in college, while he was still a high school senior visiting the university, Jones said in an interview for the campus magazine's winter 2024 edition. After dating for eight years, he proposed on the campus of their alma mater in the middle of a rainstorm. The couple tied the knot in 2007. Read the original article on People
Yahoo
17 hours ago
- Entertainment
- Yahoo
Sheinelle Jones' 'Today 'Colleagues Show Their Support at Her Husband Uche Ojeh's Funeral
Sheinelle Jones' husband, Uche Ojeh, died of glioblastoma, an aggressive form of brain cancer, on Friday, May 23 That day, her Today show colleagues announced his death on behalf of Jones to viewers Jones' colleagues were spotted alongside her at Ojeh's funeral on Friday, May 30 in New York CitySheinelle Jones' Today show colleagues continue to stand by her side following her husband Uche Ojeh's death. Ojeh (full name Uchechukwuka Adenola Ojeh) died of brain cancer on Friday, May 23. He was 45. His funeral was on Friday, May 30, in New York City. Jones' coworkers Savannah Guthrie, Craig Melvin, Al Roker, Jenna Bush Hager and Hoda Kotb attended the service in remembrance of Ojeh. Photos show the emotional group leaving the service, per the New York Post. A teary Melvin was photographed holding a tissue, while Bush Hager, 43, stood beside him, and Kotb, 60, Roker, 70, and his wife, Deborah Roberts, were behind them. Another image showed Guthrie, 53, teary-eyed, descending the church steps. Guthrie announced with "profound sadness" that Jones' husband of 18 years, died after a "courageous battle" with glioblastoma, an aggressive form of brain cancer, on May 23. They share three kids: 15-year-old Kayin and 12-year-old twins Clara and Uche. Guthrie was joined by Today co-hosts Carson Daly, Dylan Dreyer, Roker, Bush Hager and Melvin, 46, as she shared the news and they reflected on how "strong" Jones has been. "Sheinelle has been so strong through all of this, as was Uche," Guthrie said. 'There are no words for the pain we feel for Sheinelle and their three young children. Uche was an incredible person,' Guthrie continued. 'We all loved him. And so we want to take a moment to tell you more about the remarkable man who was Sheinelle's perfect partner in life.' "We just want to say Sheinelle, Kayin, Uche and Clara and the Ojeh family: we are with you, we love you,' she said. 'You are our family and we're just sending all of our love to you right now." Several of Jones' colleagues reiterated Guthrie's sentiments. Daly, a father of four, reflected on the death of his 46-year-old father when he was 5 years old. 'You think so much about these young children, your heart goes out to them,' Daly said. 'So I pray for their family and the kids that they'll have that fortune as well.' Melvin provided insight into his friendship with Ojeh and explained how he was a devoted father. 'One thing he always talked about, he talked about those kids. He loved those kids more than anything else in this world and was just so proud,' Melvin said. 'He was that dad that was on the sidelines of all the soccer games. He was at all the concerts and the recitals. He was that guy." In the wake of the announcement, Jones shared a message on social media on Friday, May 23. "Thank you, for all of your love and support. ❤️" Jones captioned a video of the Today segment. Never miss a story — sign up for to stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories. Jones and Ojeh first crossed paths at Northwestern University. Jones met Ojeh when she was a freshman in college, while he was still a high school senior visiting the university, Jones said in an interview for the campus magazine's winter 2024 edition. After dating for eight years, he proposed on the campus of their alma mater in the middle of a rainstorm. The couple tied the knot in 2007. Read the original article on People
Reuters
a day ago
- Business
- Reuters
US drillers cut oil and gas rigs to lowest since November 2021 -Baker Hughes
May 30 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fifth week in a row, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday. It was the lowest total since November 2021. It was the first time since September 2023 that the number of rigs had declined for five straight weeks. The oil and gas rig count, an early indicator of future output, fell by three to 563 in the week to May 30. , , Baker Hughes said this week's decline puts the total count down 37 rigs, or 6%, from this time last year. Baker Hughes said oil rigs fell by four to 461 this week, their lowest since November 2021. Gas rigs rose by one to 99. For the month, the total count dropped 24, its third straight monthly decrease and the biggest monthly decline since August 2023. The oil and gas rig count declined by about 5% in 2024 and 20% in 2023. Lower U.S. oil and gas prices over the past couple of years prompted energy firms to focus more on boosting shareholder returns and paying down debt rather than increasing output. The independent exploration and production (E&P) companies tracked by U.S. financial services firm TD Cowen said they planned to cut capital expenditures by around 3% in 2025 from levels seen in 2024. That compares with roughly flat year-over-year spending in 2024, and increases of 27% in 2023, 40% in 2022 and 4% in 2021. Even though analysts forecast U.S. spot crude prices would decline for a third year in a row in 2025, the U.S. Energy Information Administration (EIA) projected crude output would rise from a record 13.2 million barrels per day (bpd) in 2024 to around 13.4 million bpd in 2025. On the gas side, EIA projected an 88% increase in spot gas prices in 2025 would prompt producers to boost drilling activity this year after a 14% price drop in 2024 caused several energy firms to cut output for the first time since the COVID-19 pandemic reduced demand for the fuel in 2020. EIA projected gas output would rise to 104.9 billion cubic feet per day (bcfd) in 2025, up from 103.2 bcfd in 2024 and a record 103.6 bcfd in 2023.
