Spectra Energy Corp. (SE) announced after the close Tuesday that it intends to drop down all of its remaining U.S. Transmission and Storage assets to Spectra Energy Partners (SEP) by the end of the year.
Spectra Energy gapped open sharply higher Wednesday and rose in early trade, before settling into a range. The stock closed up by 3.36 at $33.68 on the highest volume of the year. Spectra Energy broke out past resistance and set a new high for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.