Page 9 - Magellan Midstream News Today

One of the stocks involved is jumping higher.

NEW YORK (AP) — Wall Street is drifting Monday ahead of reports that will show how much a slowing economy is hurting what’s prevented a recession so far: solid spending by U.S. households. The S&am…

NEW YORK (AP) — Wall Street is drifting ahead of a week that will show how much a slowing economy and other worries are hitting the backbone of the U.S. economy: spending by households.

Wall Street is drifting ahead of reports on U.S. household spending, which has prevented a recession so far amid a slowing economy.

Oneok will acquire Magellan Midstream, but investors in only one oil and gas stock are positive about the deal.

Wall Street is edging higher ahead of reports that will show how much a slowing economy is hurting what’s prevented a recession so far: solid spending by US households.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: Oneok Inc., down $ to $5.77 to $57.95. The natural gas company is buying Magellan Midstream Partners.

Oneok Inc says it will buy Magellan Midstream for $18.8 billion. Magellan Midstream stock is now up roughly 25% for the year.

On Tuesday, the government will show how much sales at retailers across the country grew last month.