www.varchev.com

How markets closed

The Dow Jones Industrial Average added 779.71 points, or 3.4%, to 23433.57. The S&P 500 gained 90.57 points, or 3.4%, to 2,749.98, while the Nasdaq Composite rose 203.64 points, or 2.6%, to 8090.90.

US oil prices rose 6.2% amid reports that the Organization of Petroleum Exporting Countries will consider major production cuts when it meets with Russia on Thursday.

Occidental Petroleum shares rose $ 1.72, or 12%, to $ 15.56, while Exxon Mobil gained $ 2.61, or 6.3%, to $ 43.85.

Stoxx Europe 600 is below 0.1%. New data from Wednesday’s study shows that the German economy is expected to shrink by 9.8% in the second quarter.


 Junior Trader Daniel Dimitrov


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance