MARKETS
Stock market live updates: Dow up 350, oil plunges 25%, Gundlach shorting the market
PUBLISHED MON, APR 27 20207:36 AM EDTUPDATED MOMENTS AGO
vailable by September. — Pound
3:00 pm: Final hour of trading: Dow rallies 350 points on hope of economy reopening
With roughly one hour left in the session, the major averages traded near their session highs amid hopes that more states will reopen their economies. The Dow rose 357 points, or 1.5%. The S&P 500 climbed 1.5% while the Nasdaq Composite advanced 1.1%. States including Alaska, Georgia, South Carolina, Tennessee and Texas are beginning to allow restaurants and other establishments to serve customers. Ohio Gov. Mike DeWine said consumer retail and services can start reopening on May 12. — Imbert
2:53 pm: Oil plunges 25% on fears that worldwide storage will soon be full
Oil prices dropped on Monday,extending recent losses that’s seen eight negative weeks in nine, on ongoing fears that worldwide storage will soon be full. West Texas Intermediate for June delivery fell 24.56%, or $4.16, to settle at $12.78 per barrel, after earlier trading as low as $11.88. International benchmark Brent crude fell 6.76% to settle at $19.99. The WTI contracts for July and August delivery also slipped, suggesting that the Street doesn’t see a meaningful recovery in the coming months. –
Stock market live updates: Dow up 350, oil plunges 25%, Gundlach shorting the market
PUBLISHED MON, APR 27 20207:36 AM EDTUPDATED MOMENTS AGO
vailable by September. — Pound
3:00 pm: Final hour of trading: Dow rallies 350 points on hope of economy reopening
With roughly one hour left in the session, the major averages traded near their session highs amid hopes that more states will reopen their economies. The Dow rose 357 points, or 1.5%. The S&P 500 climbed 1.5% while the Nasdaq Composite advanced 1.1%. States including Alaska, Georgia, South Carolina, Tennessee and Texas are beginning to allow restaurants and other establishments to serve customers. Ohio Gov. Mike DeWine said consumer retail and services can start reopening on May 12. — Imbert
2:53 pm: Oil plunges 25% on fears that worldwide storage will soon be full
Oil prices dropped on Monday,extending recent losses that’s seen eight negative weeks in nine, on ongoing fears that worldwide storage will soon be full. West Texas Intermediate for June delivery fell 24.56%, or $4.16, to settle at $12.78 per barrel, after earlier trading as low as $11.88. International benchmark Brent crude fell 6.76% to settle at $19.99. The WTI contracts for July and August delivery also slipped, suggesting that the Street doesn’t see a meaningful recovery in the coming months. –
