Markets remained flat on Thursday, March 14, following news that trade talks between the U.S. and China are stalling after weaker-than-expected Chinese data and that the Brexit looms without a clear signal of what will happen.
The Dow Jones Industrial Average barely gained, up 0.03% to 25,709.94, while the S&P 500 was down a smidgen, 0.09% to 2,808.48.
In the oil and gas sector, Venture Global LNG has said it increased the size of its 2016 process equipment supply agreement with Baker Hughes a GE company. The new agreement will secure modular liquefaction trains and other equipment supporting the expansion. Baker Hughes shares gained 1.69% to $27.71 on slightly below-average volume.
General Electric Co. shares gained 2.79% to $10.30 in somewhat above-average trading after the company said its turnaround will require a "multiyear journey," with a focus on its troubled power division.
Husky Energy Inc. shares were down 1.84% to C$13.89 on average volume. The company priced $750 million of 4.40% senior unsecured notes due April 15, 2029.
Enterprise Products Partners LP is counting on U.S. energy exports to anchor its growth plans and does not expect competition in the Gulf Coast to water down the world's interest in what the partnership has to offer. The company's shares shed 0.88% to $28.21 on light volume.
Among top performers, TechnipFMC PLC stock advanced 4.98% to $22.99 on brisk volume, and Antero Midstream Partners LP units grew 4.39% to $13.09 on robust volume. TC PipeLines LP shares retreated 1.79% to $35.63 on light volume.
The S&P 500 Energy Index increased 0.06% to 485.24, while the Alerian MLP Index decreased 0.14% to 250.90.
In the electric and diversified utilities business, FirstEnergy Corp. shares slid 0.99% to $41.21 on light volume. FirstEnergy Solutions Corp. has submitted an amended plan of reorganization that would allow the company to emerge from bankruptcy as a new legal entity owning retail assets and liabilities, while also creating a new holding company as the "ultimate corporate parent" of the reorganized debtors.
Lubbock Power & Light has selected Itron Inc. to provide smart meters and upgrade its electricity system in order to improve outage management and service reliability for the utility's nearly 107,000 customers in Texas. Itron shares shrank 2.46% to $49.23 on slim volume.
NRG Energy Inc. shares lost 2.79% to $41.86 on active volume.
Diversified company CNX Resources Corp. closed its offering of $500 million of senior notes due 2027, with proceeds to be used to purchase up to $400 million of its outstanding 5.875% senior notes due 2022. CNX shares gave away 2.48% to $10.63 on above-average volume.
The S&P 500 Utilities Index decreased 0.14% to 294.03.
Market prices and index values are current as of the time of publication and are subject to change.