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The emergence of Chinese AI company DeepSeek has caused a selloff in shares of natural-gas producers, pipeline operators, mining companies, and electricity generators on Wall Street. DeepSeek claims to have trained a more efficient AI model, raising questions about the energy needed to power AI technology. The impact of DeepSeek's technology on AI power demand remains uncertain, prompting investors to sell first and ask questions later. The selloff demonstrates how the AI trade has extended beyond tech companies to sectors like oil-and-gas and utilities, with some stocks recovering ground after initial losses. [Extracted from the article]

Gold had a strong performance in 2024, with prices rising 27% to $2,617.20 per troy ounce, outperforming the S&P 500 and Nasdaq Composite Index. Wall Street analysts predict further increases in 2025, with price targets of $3,000, citing factors such as lower interest rates, geopolitical uncertainty, central bank buying, and momentum in previous gold rallies. The precious metal's limited industrial demand and historical trend of long-lasting rallies contribute to its appeal as an investment option. Investors are turning to gold as a safe haven amidst global conflicts and economic uncertainties. [Extracted from the article]

Stocks rallied at the end of the week, with the Dow Jones Industrial Average and the S&P 500 experiencing their best day since the postelection rally. Despite this, major U.S. indexes still ended the week down due to concerns about interest rates and other economic factors. The Federal Reserve's preferred measure of inflation showed prices rising slightly in November, giving traders confidence to buy. Overseas stocks mostly fell, and U.S. natural-gas futures hit a new high due to increased demand during wintry weather. [Extracted from the article]

A U.K. electricity generator, Drax, is considering U.S. locations to build wood-burning power plants that will pump emissions underground, generating carbon credits. These plants aim to provide renewable power for technology companies' AI data centers. The plan involves constructing bioenergy plants in the U.S. South to utilize excess pine trees from closed pulp mills, addressing timber growers' challenges. The company is exploring sites and plans to have the first plant operational by 2030, with a focus on sustainable timber management to avoid contributing to deforestation. [Extracted from the article]

Texas Pacific Land, a former railroad that went bankrupt in 1888, has seen its stock soar in 2024 due to its innovative approach to generating revenue from its vast desert acreage in the Permian Basin. The company now sells water to frackers, leases land for wind farms, solar arrays, and bitcoin mining, and covers property taxes by selling hunting and grazing rights. CEO Ty Glover has modernized the company, attracting investors and analysts, and sparking imitators in the industry. The success of Texas Pacific Land has led to a surge in stock prices for similar companies in the region, with investors eyeing natural gas as a potential growth driver. [Extracted from the article]

Following Donald Trump's election victory, the Dow Jones Industrial Average experienced its largest gain in two years, driven by expectations of continued economic expansion under Republican policies. The market rally benefited banks, industrial companies, and small-cap firms, while sectors expected to benefit from Democratic policies, such as electric-vehicle companies, saw declines. The promise of deregulation and tax cuts under a Trump administration also led to increases in Treasury yields and Bitcoin prices, while impacting industries sensitive to higher bond yields and tariffs. Overall, the markets responded positively to the election results, with investors hopeful for stability and a focus on economic fundamentals moving forward. [Extracted from the article]

The article discusses how disappointing quarterly results from major technology companies led to a decline in stock indexes, with the S&P 500 experiencing its first monthly loss since April. The Nasdaq Composite had its worst day in nearly two months, while the Dow Jones Industrial Average also declined. Despite this, some companies saw positive gains in their quarterly results, such as International Paper and ConocoPhillips. Additionally, there were concerns about the U.K.'s fiscal outlook and European stock indexes also declined. [Extracted from the article]

The article discusses how falling interest rates are expected to lead to a resurgence in home renovation projects in the United States. Homeowners are borrowing against the rising value of their properties to fund renovations, with analysts predicting a rebound in spending on new kitchens, bathrooms, and decks. The decline in home sales and high borrowing costs have impacted the remodeling industry, but with lower interest rates and increased home equity, a return to growth in renovation spending is anticipated. [Extracted from the article]

An oversupply of natural gas is expected to keep heating bills low for Americans this winter, despite forecasts for colder weather. The Energy Information Administration estimates that the average cost to heat homes with natural gas will only increase by a few dollars compared to last year. Homes heated electrically will see a 2% increase in bills, while the cost of propane and heating oil is expected to remain flat or slightly lower. The abundance of natural gas is attributed to last year's warm winter, which left a surplus of fuel unburned. [Extracted from the article]

The stock market rallied globally in response to the Federal Reserve's decision to cut interest rates by a half percentage point. This led to the S&P 500 reaching a record high and the Dow closing above 42,000 points for the first time. The tech-dominated Nasdaq Composite led the way, climbing 2.5% and the Russell 2000 index of smaller companies also ended higher. Gold futures settled at a record high and Bitcoin also saw gains. Investors are now focused on the pace of future rate cuts and the impact on the economy. [Extracted from the article]

Enviva, a green-energy company that produces wood pellets as an alternative to coal, has filed for bankruptcy due to a disastrous trade and financial mismanagement. The company promised more pellets than it could produce and made a trade that resulted in a $350 million debt. This collapse has affected clean-energy investors and raised questions about the environmental claims of the wood-pellet industry. While some argue that burning wood is less efficient and harmful to the environment, others claim that wood pellets are a renewable and carbon-neutral source of energy. [Extracted from the article]

The article focuses on TotalEnergies' 100 million U.S. dollar investment in U.S. forest carbon offsets, marking the largest purchase of its kind. Topics include the scope of the timberland covered by the purchase, the role of carbon offsets in corporate emissions strategies, and the market dynamics and potential issues within the carbon-credit industry.

Despite one of the hottest summers on record, there is currently an oversupply of natural gas in the United States, leading to depressed prices and cutbacks in drilling. Major producers such as EQT and Coterra Energy are reducing output and delaying drilling projects in an effort to stabilize prices. Natural gas futures have reached their lowest levels since the 1990s, with prices down 14% from a year ago. The surplus of natural gas is attributed to a warm winter that left a lot of gas unburned, storms that have disrupted demand, and an increase in gas stockpiles. Producers are now acting more like traders, holding back gas from the market while prices are low. [Extracted from the article]

The article discusses the global market rout that occurred as a result of the unwinding of popular trades on Wall Street. The decline in international markets led to sharp decreases in U.S. stock indexes, with the tech-heavy Nasdaq falling 3.4% and the S&P 500 declining 3%. The rout began in Asia, particularly in Japan, where the Nikkei 225 experienced its worst day since the 1987 market crash. The selloff in Tokyo was triggered by the Bank of Japan's decision to raise interest rates, which strengthened the yen and unraveled the carry trade. Investors are now questioning the future profitability of technology stocks and are closely watching the Federal Reserve's next move on interest rates. [Extracted from the article]

Weakening economic data, including employment, manufacturing, and construction, led to a decline in the benchmark 10-year Treasury yields below 4% for the first time since February. This prompted a selloff in stocks and other risky investments, with major indexes reversing an early climb. The Dow Jones Industrial Average fell nearly 500 points, and the Nasdaq Composite ended 2.3% lower. Investors sought shelter in bonds, with the yield on the 10-year Treasury note settling at 3.977%. The Bank of England also cut interest rates, while overseas stock indexes mostly declined. [Extracted from the article]

The Nasdaq Composite reached a new high on Monday, driven by technology stocks and investor confidence in the strength of the US consumer and potential interest rate cuts. The S&P 500 also saw gains, while the Dow Jones Industrial Average declined slightly. Norwegian Cruise Line Holdings led the S&P 500 higher after raising profit expectations, and other cruise line companies also saw gains. Investors will be closely watching the upcoming earnings reports from retailers Lowe's, Macy's, AutoZone, and Urban Outfitters to gauge consumer spending. [Extracted from the article]

Trex, a leading maker of weatherproof decking, is investing $450 million in a new factory in Little Rock, Arkansas, to expand its manufacturing capacity and meet the demand for home renovations. Despite forecasts of a decline in home-improvement spending and declining sales at home-improvement stores, Trex is confident that Americans will choose to add on to their homes rather than move. The company is introducing new lines of premium decking, including one that mimics hardwoods and another that is cooler on the feet for the Sunbelt expansion. While the construction and remodeling sectors have been resilient, cracks are beginning to show, and the remodeling market is expected to decline for the first time since the late 2000s housing bust. However, Trex believes that its expansion will position it for future growth and ensure it can meet demand. Rising property values and the aging American home also contribute to the potential for a remodeling boom. Despite the higher cost of Trex boards compared to pressure-treated pine, customers interested in the company's highest-level offerings are not very price sensitive. While there is hesitation among customers due to the deferral mindset caused by the prospect of the Federal Reserve cutting rates, Trex's business remains steady for projects that involve swimming pools and outdoor kitchens. The company's manufacturing process involves using recycled materials, with a Trex board being roughly half wood and half plastic. The new factory in Little Rock is expected to start producing decking in 2026. [Extracted from the article]

The stock market experienced a rally on Friday, driven by positive corporate earnings reports and renewed hope for interest-rate cuts. The Labor Department's monthly jobs report showed that hiring slowed in April and wage growth eased, which alleviated concerns about inflation. The tech-heavy Nasdaq Composite led the market higher, rising 2% on Friday. U.S. employers added 175,000 jobs in April, below economists' expectations, and the unemployment rate ticked up to 3.9%. Futures traders increased bets that rates will fall this year, and bond yields fell as a result. [Extracted from the article]

Stocks mostly slumped and bond yields rose as investors adjusted to the possibility that interest rates may not decrease this year. The S&P 500 and Nasdaq Composite both experienced declines in April, while the Dow Jones Industrial Average saw a small gain. The yield on 10-year Treasury notes increased. The stock market has been selling off since last week when inflation data indicated that the rate of inflation may not reach the Federal Reserve's target. The prospect of higher rates has affected technology stocks and rate-sensitive sectors. The S&P 500 remains higher than it was in October, but the question now is how much stocks should decrease if their rise was based on lower rates. Economic data suggests that high borrowing costs have not significantly impacted the economy. Quarterly results drove significant movements in individual stocks, with Genuine Parts and Alaska Air reporting positive earnings. Cocoa prices reached a record high due to poor growing weather and increased speculation. Copper futures also rose to a two-year high. Overseas, stocks mostly rose in Japan, Hong Kong, Germany, and London. [Extracted from the article]

The U.S. stock market reached new highs as investors anticipate an end to the post-Covid surge in borrowing costs. The Dow Jones Industrial Average rose by 0.7%, the S&P 500 increased by 0.3%, and the Nasdaq Composite gained 0.2%. Stock indexes in Europe and Japan also reached all-time highs. The Swiss National Bank reduced interest rates, becoming the first rich country to do so since central banks began their campaign against inflation. The Federal Reserve indicated that rate cuts may be warranted later this year. [Extracted from the article]

Cocoa prices have reached record highs, impacting chocolate makers, bakers, and consumers. The increase in price is due to bad weather in West Africa, where most of the world's cocoa is grown, as well as speculation in the market. As a result, chocolatiers and confectioners have raised prices, adjusted recipes, and reduced product sizes. The rising cocoa prices have also led to higher candy and chewing gum prices. While some experts predict that cocoa prices may continue to rise, others anticipate a fall in the second half of the year. There are concerns about the long-term impact on the industry, including the potential for "shrinkflation" and the need to find new areas to plant cacao trees. [Extracted from the article]

Stocks rebounded after Federal Reserve Chairman Jerome Powell stated that the central bank is still planning to cut interest rates this year. The Nasdaq Composite rose 0.6%, the S&P 500 climbed 0.5%, and the Dow Jones Industrial Average added 0.2%. Utility stocks and tech stocks led the gains, despite declines in some of last year's top-performing stocks. Investors were reassured that the Fed's expectation to lower rates later this year remains unchanged, despite higher-than-expected inflation and hiring data in January. [Extracted from the article]

Natural gas prices in the United States have reached their lowest levels in decades due to an unusually warm winter and high levels of domestic production. This is good news for consumers, who can expect lower utility bills, as well as businesses that rely on natural gas for manufacturing. However, the low prices are negatively impacting gas producers, who are reducing drilling and seeking more exports to alleviate the oversupply. While the market is expected to recover later this year and in 2025 with the opening of new export terminals, it may take months for spending cuts to significantly impact production. [Extracted from the article]

The stock market rally in the United States hit a snag this week as inflation data showed prices rising more than expected, causing concern among investors about the Federal Reserve's efforts to combat inflation. As a result, all three major U.S. stock indexes finished the week lower. Technology and real estate stocks were particularly affected, with the Nasdaq Composite Index losing 0.8% and the S&P 500 shedding 0.5%. Some experts believe that the economy may weaken later in the year, leading to a shift towards defensive stocks. However, it is important to note that reactions to single data points may not necessarily reflect economic fundamentals. [Extracted from the article]

President Biden's pause on new natural gas exports is causing concern over the impact on Americans' utility bills. While environmentalists support the scrutiny of projects' climate impact, producers warn that the pause could hinder the country's ability to supply fuel to allies in the future. Some manufacturing groups and consumer advocates are worried that America's ties to global markets could lead to price instability and higher heating and power costs for Americans. The Energy Department aims to preserve the country's cheap gas, but the domestic impact of LNG exports has been contested, with international shocks contributing to price volatility. [Extracted from the article]

The S&P 500 reached a new record high, closing above 5000 points for the first time, driven by the strength of technology stocks. The rally reflects the unexpected strength in the economy, leading investors to believe that they can continue to gain from riskier assets even with high interest rates. The Dow Jones Industrial Average and the Nasdaq Composite Index have also seen significant gains in recent weeks. Despite concerns about a recession, the labor market remains strong and corporate earnings continue to grow. Investors are eagerly awaiting upcoming data on inflation and retail sales, as well as quarterly earnings reports from major companies. [Extracted from the article]

The demand for old corrugated boxes (OCC) is increasing as new cardboard mills rely on recycled fiber to make new packaging. The price of OCC surged during the pandemic but then dropped in 2022 due to rising interest rates. However, prices have rebounded over the past year, more than tripling in some areas. The opening of new mills and reduced cardboard production have led to increased competition for recycled boxes. Additionally, Americans are not recycling as many boxes as they could, resulting in valuable material ending up in landfills. The Red Sea conflict has also disrupted the route for Europe's old boxes, leading to more competition for recycled boxes on the West Coast. Producers of containerboard and paperboard have cited rising input costs, including OCC, as a reason for recent price increases. The national average price for OCC has risen from $29 a ton a year ago to $87 a ton in January. Mills are paying premiums for cleaner and more carefully sorted bales of recycled cardboard. Prices for OCC have been highest on the West Coast and in the Southeast. Several new containerboard mills have opened in the South, and they are expected to consume over 9 million tons of recycled fiber each year. The increased competition for recycled cardboard has led mills to search farther afield for feedstock. Analysts predict that prices will eventually decrease as cardboard production increases. Researchers estimate that around 16 million tons of OCC end up in landfills each year, resulting in a recycling rate of about [Extracted from the article]

The article discusses how the abundance of natural gas in the United States has led to lower prices for heating fuel, despite the cold weather. Natural gas production reached new highs in December, causing prices to decrease by over 30% since the start of the heating season. This decline in prices is beneficial for households and businesses, as it reduces utility bills and inflation. However, concerns have arisen about the storage capacity for the surplus of gas. The article also mentions that the unseasonably warm weather forecasted for February is expected to decrease demand and increase production levels. Analysts suggest that prices will need to remain low to prevent storage facilities from becoming overwhelmed. [Extracted from the article]

The S&P 500 came close to reaching a new all-time high despite declines in airline stocks and discretionary spending. The benchmark stock index ended the week slightly higher, within 0.3% of the record high. The tech-heavy Nasdaq Composite also saw a small increase, while the Dow Jones Industrial Average declined. Analysts are cautious about market valuations and believe that the economy is not as strong as it was. Investors have become less optimistic after Federal Reserve Chairman Jerome Powell signaled that the central bank was finished raising interest rates. There are concerns about inflation and geopolitical uncertainties, which have led to fluctuations in oil prices. Overall, the market's performance in January is seen as setting the tone for the rest of the year. [Extracted from the article]

New England's reliance on imported liquefied natural gas (LNG) for winter heating is at risk due to the potential closure of a Massachusetts import facility. Constellation Energy plans to retire a power plant that is the biggest user of imported LNG, and if new gas buyers cannot be found, the import facility may also close. New England utilities have expressed concerns about potential shortages and increased costs without imported LNG. The situation highlights the uneven distribution of benefits from the American drilling boom, with some areas flooded with cheap gas while others struggle to secure fuel. Weaning off fossil fuels and transitioning to renewable energy also presents challenges. The closure of the import facility would have significant implications for New England's energy supplies and the cost of natural gas for residents. [Extracted from the article]

Tech stocks experienced a drop at the beginning of 2024, while the Dow Jones Industrial Average reached a new all-time high. The Nasdaq Composite Index declined due to the decrease in big technology companies such as Apple and Nvidia. Rising bond yields contributed to the selloff in tech stocks, and there is growing doubt about the sustainability of last year's rally. Some investors are shifting their investments towards fixed income and reducing exposure to equities. The U.S. consumer's spending behavior is a key concern for investors in 2024. [Extracted from the article]

Cardboard prices are increasing for the first time since early 2022, indicating a potential improvement in the economy. Producers are raising prices due to rising demand, increased costs, and the need to reverse falling prices. While it is too early to determine if these price increases will be sustained, they suggest a shift away from the inventory hoarding that characterized the post-pandemic recovery. If the price increases stick, it will help manufacturers regain pricing power lost over the past two years. The rise in cardboard prices is seen as a more reliable indicator of economic activity compared to other unconventional indicators. [Extracted from the article]

Aurora Sustainable Lands, a venture between Anew Climate and investors led by T. Rowe Price Group subsidiary Oak Hill Advisors, has sold over $100 million worth of forest offsets in its first year. The company purchased 1.7 million acres of U.S. timberlands for $1.8 billion and expects to generate between $60 million and $150 million in additional offsets annually. Aurora has reduced logging on its land by about half and plans to sell offsets on all its properties where trees grow. Other big timber companies, such as Weyerhaeuser and PotlatchDeltic, are also entering the offset market. Critics argue that carbon offsets allow companies to avoid reducing emissions at a relatively low cost. [Extracted from the article]

The bond rally continued on Tuesday, causing yields on 10-year U.S. Treasury notes to reach their lowest level since the summer. This led to a rise in technology shares, although the broader stock market experienced a decline. The Nasdaq Composite increased by 0.3%, while the S&P 500 and Dow Jones Industrial Average both saw slight decreases. The value of Apple's stock exceeded $3 trillion for the first time since August. The bond market's influence on stocks was highlighted by the performance of bond-trading firm MarketAxess Holdings, which was the top gainer in the S&P 500. In other news, CVS Health announced a move to a simpler pricing model for its drugs, Alaska Air rebounded from a selloff, and J.M. Smucker and Ferguson reported positive quarterly earnings. Oil prices declined for the fourth consecutive trading session, and Asian stock indexes experienced losses. Moody's Investors Service also downgraded China's credit rating outlook to "negative." [Extracted from the article]

In November, U.S. stocks experienced their best month in over a year, with the Dow Jones Industrial Average reaching a 2023 high. This was accompanied by a bond rally, resulting in the biggest monthly gain for bonds in years. The sectors that led the equities rally were those most sensitive to borrowing costs, such as information technology, real estate, and finance. Additionally, several companies, including Victoria's Secret and Salesforce, saw positive quarterly results that pleased investors. [Extracted from the article]

Enviva, America's largest exporter of wood pellets, is facing significant financial losses due to a failed trade. The company's bet to buy and resell pellets at a higher price backfired when prices fell, potentially triggering a default with its lenders. Enviva's shares have plummeted, and its financier, Riverstone Holdings, has seen a significant decrease in the value of its stake. The company's most pressing issue is a single bad trade that has left it responsible for paying $296.3 million for wood pellets that will only fetch $156.9 million on the market. Enviva is now working with investment bankers and restructuring advisers to negotiate with lenders and explore alternatives. Despite being the dominant player in the market, Enviva has faced operational challenges that have affected its profitability. The company's plants have experienced issues, and it has had to cut its dividend to fund expansion plans. The trade failure comes at a time when wood pellet prices have dropped due to a warm winter and increased fuel stockpiles in Europe. [Extracted from the article]

The article discusses the impact of Walmart's earnings and low fuel prices on the stock market. While Walmart's quarterly profit metrics fell short of expectations, the broader market managed to maintain its November rally. Cooling inflation has led many investors to believe that the Federal Reserve will pause raising interest rates, leading to a positive outlook for stocks. Energy stocks were hit the hardest, with falling fuel prices and rising inventories causing a decline in the sector. Tech stocks, on the other hand, have been performing well, with chip-maker Nvidia and Microsoft leading the market. Overseas stocks were mixed, with declines in Hong Kong and China but gains in London and Frankfurt. [Extracted from the article]

The utility-pole business is experiencing a surge in demand due to increased infrastructure spending and grid upgrades. This is driven by factors such as the rise of electric cars, the expansion of solar energy, and the need to strengthen the grid against severe weather. As a result, there is a high demand for large, straight, and knot-free conifers to be used as utility poles. This boom in the utility-pole industry has led to higher prices for standout trees, benefiting landowners and shareholders of pole companies. Additionally, manufacturers of concrete, steel, and composite poles are also increasing production to meet the growing demand. [Extracted from the article]

The Wall Street Journal article reports that the Nasdaq Composite index has extended its winning streak for an eighth consecutive day, with technology stocks and companies dependent on discretionary consumer spending driving major stock indexes higher. The S&P 500 and Dow Jones Industrial Average also continued their runs of consecutive daily gains. Falling Treasury yields have benefited riskier assets like technology stocks, which have rebounded from a summer slump. The article also highlights the performance of specific tech giants like Microsoft and Facebook, as well as the investment strategies of Wakefield Asset Management and Goldman Sachs Asset Management. The article concludes by mentioning the impact of corporate earnings reports and the decline of overseas stocks. [Extracted from the article]

Stocks ended October with gains, but still posted monthly losses. The S&P 500 rose 0.6% for the day, but finished the month 2.2% lower. The Nasdaq Composite climbed 0.5% and the Dow Jones Industrial Average added 0.4%, but both indexes lost ground for the month. Earnings-related selloffs in companies like Caterpillar and VF Corp. weighed down the broader market. The three-month decline in stocks has coincided with a pause in interest-rate increases by the Federal Reserve. Fed officials are expected to hold interest rates steady at this week's policy meeting. [Extracted from the article]

According to the Energy Information Administration, households in the US that heat with natural gas can expect their bills this winter to be about $601, which is 21% lower than last winter. This decrease is due to ample stockpiles of natural gas and expectations for a warmer-than-normal winter. Natural gas prices also influence winter power bills for households warmed with electric heat, and the EIA expects these households to pay about the same as last winter. However, households that use heating oil should expect to pay a little more than last year, while propane-burning homes will likely cost about the same. [Extracted from the article]

The threat of conflict in the Middle East caused investors to turn to safe-haven assets like U.S. Treasurys, gold, and utility stocks, while rising oil prices boosted energy shares. Technology stocks and companies reliant on discretionary spending, such as casinos and dating apps, experienced declines. The Nasdaq Composite fell 1.2%, the S&P 500 dropped 0.5%, and the Dow Jones Industrial Average gained 0.1%. The S&P 500 and Dow industrials saw gains for the week, while the Nasdaq declined slightly. The potential Israeli ground invasion of Gaza, aimed at toppling Hamas, raised concerns about escalating conflict and stricter sanctions on Iranian oil exports. Brent crude futures rose 5.7% to $90.89 a barrel, and Treasury yields fell. Gold futures climbed 3.1% to $1,927.40, and utility stocks rebounded. Major stock indexes initially traded higher due to strong earnings from JPMorgan, Wells Fargo, and Citigroup, as well as remarks from a Federal Open Market Committee member suggesting no need for further interest rate increases. However, stocks turned lower after consumer-sentiment data fell short of expectations. Dollar General, Progressive, and energy producers APA and Marathon Oil experienced gains, while BlackRock's shares fell. Overseas stocks were mixed, with London's FTSE 100 and the Stoxx Europe 600 slightly increasing, and Japan's Nikkei 225, the Shanghai composite [Extracted from the article]

The recent rise in bond yields has led to losses on Wall Street, causing the Dow Jones Industrial Average to lose all of its gains for the year. The selloff affected various sectors, with technology firms, banks, real estate companies, and discretionary spending-dependent businesses experiencing the most significant declines. The only industry segment in the S&P 500 that saw gains was utilities. The yield on the 10-year Treasury note reached its highest level since August 2007, which could negatively impact companies' results and put pressure on their shares. Investors are increasingly holding cash and looking for bargains in healthcare and energy stocks. The employment data showed an increase in job openings, indicating a resilient labor market. Corporate spinoffs, such as WK Kellogg's snacks business and Veralto, contributed to the market's decline. Overseas stocks also fell, with European and Asian markets experiencing losses. [Extracted from the article]