STOCK MARKET NEWS: Dow negative for year, P&G price hikes, US hits debt ceiling

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BREAKING: Dow turns negative for year as stocks slide for third day

said airlines that operate as if this is still 2019, before the pandemic, are bound to struggle.

According to Kirby, the industry has a shortage of pilots and other workers, outdated technology and strain on the Federal Aviation Administration.Oil futures fell as much as $1 on Thursday over recession fears as a sharp decline in U.S. retail sales and manufacturing output muddied the outlook for demand. Brent crude futures traded around $83.00 a barrel.

fell by the most in a year, putting consumer spending and the overall economy on a weaker growth path.The American Petroleum Institute showed U.S. crude oil inventories rose by about 7.6 million barrels in the last week, according to Reuters.The nationwide price for a gallon of gasoline gained on Thursday to $3.79, according to AAA.A year ago, the price for a gallon of regular gasoline was $3.316.

One week ago, a gallon of gasoline cost $3.272. A month ago, that same gallon of gasoline cost $3.142.below $5.00 per gallon to $4.612, but that is still a far from the $3.633 of a year ago.

 

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