Writing the summary…
Crude oil exports through the Strait of Hormuz hit prewar levels, but fuel shipments remain constrained
Source: CNBC
Original reporting
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Senate Democrats sink 'toothless' stock trading ban, data center bill in last act before election recess
Two separate proposals to ban member stock trading while in office and address data center-related utility costs failed Wednesday amid Democratic opposition.
CNBC
Wall Street is closing out a strong quarter. Plus, Lilly's mixed obesity drug trial data
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
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10-year Treasury yield are higher as traders look past inflation data, await jobs report
Treasury yields were lower on Wednesday following the release of lighter-than-expected U.S. inflation data.
CNBC
Two trades that just happened in 'Magnificent Seven' stocks point to big gains ahead
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CNBC
DOJ accuses Minnesota federal judges of misconduct for NY Times immigration interviews
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CNBC
MGM CEO leaves door open to People Inc. bid as casino dealmaking heats up
The Wall Street Journal reported MGM was exploring an offer for People Inc. after People Inc. withdrew its $48.30-per-share proposal to buy the rest of MGM.