🔴 New Fortress Energy is trading 5% down on October 7 amid rising yields and oil prices

New Fortress Energy is trading 5.08% lower now at $5.23 as yields and oil prices rise.

• The S&P 500 is down 0.60%, the Nasdaq down 0.74%, and the Dow down 1.04%; investors await Federal Reserve minutes.
• The Fast LNG turbine outage offshore Altamira remains a company-specific concern. The unit is offline, and the company expects it to return to service in the fourth quarter.
• No new company announcement explaining the October 7 intraday drop was identified.