Behind Oil's 25% Surge

Oil's surge lifted the Dow

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MARKET RECAP     4/02/2020
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Dow Finishes in the Black After Volatile Day By Laura McCandless Share On The Dow closed up over 400 points following a volatile day of trading, following suit of oil, which surged nearly 25% for the day. The spike came in response to a tweet from U.S. President Donald Trumps that said Russia and Saudi Arabia will be "cutting back approximately 10 million barrels." However, the deal to curb production -- proved susceptible to some doubt among investors -- combined with the surge in U.S. weekly jobs data, kept a cap on the surge.The S&P 500 and Nasdaq pulled together a close in the black as well. Continue reading for more on today's market, including: The latest retailer to withdraw its full-year forecast. Puts popular for this April winner. Plus, an earnings beat boosts this apparel name; Disney stock downgraded amid uncertainty of future; and Kohl's second quarter slumps. >> Continue reading...
LATEST HEADLINES
>> HES Stock Looks Good for April The energy name has been a top performer in April during the past decade >> Why Kohl's Stock Could Sink Even Deeper In The Second Quarter Kohl's has historically underperformed during the second quarter >> Dow Up Triple Digits as Oil Surges The S&P 500 and Nasdaq are also holding on to midday gains >> CHWY Stock Slides Ahead of Earnings The online pet supply retailer is expected to report earnings after the close this evening >> Apparel Name Boosted By Earnings Beat Three analysts have moved their price targets down to $60 Sponsored Forget About Market Crash Fears - 5G Is Here to Stay You know the old saying "Buy when there's blood in the streets"? Well, between the coronavirus outbreak and the plunge in oil prices... The market looks like an absolute bloodbath right now. And there's never been a better time to buy this $7 5G stock. Here's how you can "buy the dip" and potentially score a retirement fortune...
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