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Demand destruction hits gasoline (but only a little) as prices soar in historic jump just for summer driving season

I see gasoline prices still rising despite this modest short-term and long-term demand destruction. By Wolf Richter for WOLF STREET. The price chaos at the pump is now causing some demand destruction. We have seen signs of it. We are at the start of the driving season, but gasoline demand is not following the classic …

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Indexes jump, even on it; Here’s what to do now

Dow Jones futures were down slightly overnight, along with S&P 500 and Nasdaq futures. The stock market rally had a strong Thursday, fueled by positive earnings reactions. X dollar tree (LTRD), Williams Sonoma (WSM) and Macy’s (M) has obtained good results and at least strong indications. Even more encouraging? Burlington Stores (BURL) and Nvidia (NVDA) …

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