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KiplingerJul 05, 2022
Stock Market Today: Energy Dampens Dow, FAANGs Elevate Nasdaq
The first session of the holiday-shortened week was a wild one, as a deep Tuesday morning dip evolved into a severely split market featuring pockets of red and green alike.

On one side, you had big dips in economically sensitive sectors. Energy (-4.0%) fared the worst thanks to a drastic decline in U.S. crude oil futures, which plunged 8.2% to $99.50 - the commodity's lowest finish in more than two months.

SEE MORE The 10 Best Stocks for a Bear Market "This move came on the back of an ever-increasing number of economic indicators (Goldman Sachs US Financial Conditions Index, Citi US Economic Surprise Index, ISM orders) now pointing to sustained weakening of financial conditions as well as Street expectations," says Michael Reinking, senior market strategist for the New York Stock Exchange.

Also weighing on oil was a strengthening U.S. dollar, which closed the session at a 19-year high. (Remember: Oil is priced in U.S. dollars, so a strong dollar will weigh on oil prices, and vice versa.) The aforementioned worries of weakness hampered other sectors, too, including materials (-2.0%) and industrials (-1.5%).

"Shifting to a more near-term view, with commodity prices coming a bit back down to reality, some investors may view this as a welcome sign that inflation is beginning to cool - the main driver of recent volatility," adds Chris Larkin, managing director of trading for E*Trade.

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However, other parts of the market - namely, those pinned to the ground by rising interest rates - came off the mat as rec


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Stocks Finish Mixed Amid Worry About Slowing Economic Growth - The Wall Street Journal (Google Business News)

MarketWatch MarketPulseJul 05, 2022
Oil and gas stocks suffer a broad beating as crude oil, natural gas futures are hit hard
The energy sector took a broad beating in afternoon trading Tuesday, as crude oil and natural gas prices took sharp dives on the back of a surge in the U.S. dollar and continued fears that a recession would dampen demand. The SPDR Energy Select Sector ETF tumbled 5.8% toward a more than four-month low, with all 21 of the equity components losing ground by more than 4%. The biggest decliners were shares of Halliburton Co. , which slumped 9.0%, and APA Corp. , which dropped 8.5%. Among the more-active components, Exxon Mobil Corp.'s stock slid 5.0% toward the lowest close since mid-April, even after the company said late Friday that it would get a boost of at least $2.5 billion to second-quarter profit from rising oil and gas prices. Elsewhere, shares of Occidental Petroleum Corp. were knocked down 5.1% and Marathon Oil Corp. took a 7.9% hit. The best performer in the ETF was Chevron's stock , which fell 4.3%. Meanwhile, continuous crude oil futures dove 9.4% and natural gas futures sank 5.8%, while the S&P 500 lost 0.9%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



KiplingerJul 05, 2022
5 Exciting Emerging Markets Funds to Buy
Inflation has been the dominant theme in investing across 2022 - and that goes well beyond domestic equities. Consumer prices have rapidly risen around the world, and even Wall Street's best emerging markets funds have felt the pinch.

"Many emerging market and developing economies (EMDEs) have recently been experiencing an unpleasant combination of elevated inflation and rising borrowing costs," says the Brookings Institute, which points out that March's 8.5% in emerging markets consumer prices was the highest level since 2008.

Regardless, emerging markets stocks can be a smart diversification tool, providing growth potential greater than that of the U.S. and other developed markets. Just keep in mind that expecting quick gains from EMs - especially amid historic highs for inflation and mounting economic uncertainty - could be a recipe for disappointment. Emerging markets also are known for their instability, with performance often coming in fits and starts.

That said, over time, investing in emerging markets funds can, over time, provide differentiated returns. Thus, now - while EMs are down - might be a good time for patient investors to build their positions.

Here, we look at some of the best emerging markets mutual funds you can buy. This list is a combination of index and actively managed mutual funds, so every investor should be able to find something that fits their preferences.

SEE MORE 2022's Best Mutual Funds in 401(k) Retirement Plans Data is as of July 4. Dividend yields represent the trailing 12-month yield, which is a standard m

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