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Oil jump lifts Wall Street as jobless claims data surges

Published 04/02/2020, 08:53 AM
Updated 04/02/2020, 04:25 PM
© Reuters. FILE PHOTO:  NYSE-AMEX Options floor traders from TradeMas Inc. work in an off-site trading office  due to the outbreak of the coronavirus disease (COVID-19), in New York

(Reuters) - U.S. stocks rallied on Thursday as hopes for a truce in an oil price war between Saudi Arabia and Russia and a cut in oil output drove gains, taking some sting out of a shocking jump in Americans filing jobless claims due to coronavirus-led lockdowns.

The Dow Jones Industrial Average (DJI) rose 466.58 points, or 2.23%, to end at 21,410.09 points, the S&P 500 (SPX) gained 56.09 points, or 2.27%, to 2,526.59 and the Nasdaq Composite (IXIC) added 126.73 points, or 1.72%, to 7,487.31.

Latest comments

So let me guess, if two countries, doesn't matter which two, just start nuking each other sending nuclear fallout across the world that will probably lead to a 10% gain? It looks like we are rising on super bad news.
BS no party confirmed the cuts Trump claims.. over 6M in jobless claims, I guess isn’t a bad enough news for wallstreet
new developments need to be crafted while jpow inflates the bubble.
What it shows is that poor people are not needed in this economy.
Then the poor people will revolt and chop off the heads of the rich...
Oil was at $80 then Trump put sanctions and tariffs on all of our allies....
Trump talks his hope without any agreement with R, S. He lied and just want to market up. but after Kremlin and Saudi kingdom officially deny his HOPE, market will go to ******
than it increased almost 2%. I was expecting 3% increase as last week. Was not disappointed to see venezuella type stock market increase
Why would anybody want to be in this market? There's no V bottom in this market's future.
towards major fall
brutal
Sad
worst is yet to come
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