. West Texas Intermediate futures rallied 12% last week. WTI also jumped 24% on Thursday for its best day on record, lifting equity prices that day as concern about financial and job losses in the energy sector eased.
Crude has taken a beating this year as Saudi Arabia-led OPEC and Russia failed to reach a deal on production cuts while the global spread of the coronavirus dampens the demand outlook for oil. Year to date, WTI has lost more than half of its value. More than 1.2 million coronavirus cases have been confirmed, according to Johns Hopkins University. The U.S. is by far the country with the most cases at over 330,000. On Saturday, Trump warned "there will be a lot of death," noting the U.S. faces its "toughest week" in its fight against the virus.
In New York, the state with the most confirmed cases, the death toll has risen to 4,159 from 3,565 on Saturday, Gov. Andrew Cuomo said Sunday. New York City Mayor Bill De Blasio also said the city will likely run out of ventilators for coronavirus patients by Wednesday. To be sure, there may be some positive news on the virus front. The number of coronavirus-related hospitalizations has fallen slightly in New York while discharges are up, Cuomo said Sunday. Italy also reported Sunday its smallest daily increase in deaths in two weeks."Until the spread of the COVID-19 virus peaks and we are closer to a reopening of the U.S. economy, sell rallies and sit on your cash," said Chaikin.
well buy the jump stock .
Jump?
And nobody knows why except for the fact it may be a false bounce in order to stem the crash coming later in the week !
A dozen million people out of work in US only, oil price to the floor and zero demand for at least the next 3 months, vaccine 18 months away, and thousand of business to go bankrupt by the end of the next quarter; but somehow futures are up. Shocking nonsense to say the least.
Crude oil down 10%. Market will be a tank tmrw
That’s like a 6 inch vertical jump these days
Wow 200 points that is a jump
PPP - free money.
Lol trump hasnt spoken yet. It'll be in the red within an hour
Why are they rising? Coz oil prices are falling, coz everything is shut down, coz unemployment this week will be worse than the last week? Are the stock traders lunatics?
Cool.
Why do you keep saying they are “set”. Nothing is set.
Yes because the crisis is over, the FED will normalize rates and stop printing money. So much fraud.
Rise on what ffs! ... pump so the Elite can dumb!
To hit a home run the bat moves in the opposite direction as part of the swing and a hit.
It doesn’t matter it will be earning season. Many businesses will be reporting earnings for the quarter with only 2 months of earnings. Market may recover in 2022 ,Yes 2022. There will be no rapid v wave recovery.
HOW When we are in the middle of WorldWar3 and thousands are dying lately.....
Wishful-Thinking
Bull traps are a beautiful thing
Why
You pathetic stock pumping charlatans - the futures have been open 10 minutes and you are making this sort of comment - worst financial journos EVER
Not for long
What will be your headline when they fade by open?
Foolish/Stupid/Misleading headline. See me at 8 am CST and we can talk.
It's because of Cuomo today. He provided some truth and some flattening of the curve was viewed as good market news. Wow, truth. Now if Trump said the same thing zero impact. Trump is going to take credit for some of the NY good news tonight. Watch. .
It will be down by mkt open tomorrow. We will be reminded off the carnage 10000 times before 930am est.
Likely not to close anywhere near the open so why is this even news today?
Futures haven't meant much over the past few weeks. Maybe this time is different... Regardless, 200 points either way unimportant big picture.
lol why? talk about disconnected from reality
Define “rise”
Wake me in 15 hours.
SET TO JUMP at the open that is 15.5 hours from now after being open for minutes. Maybe the interns and chimps should stop writing the header
Can't see that lasting long, I'm short.
No they fucking won't.
CNBC. WOW!! Sincerely
WORLDSTARHIPHOP (NEWS)
Detached from reality
US futures up in early Sunday evening trade. Dow futures +297 points.
Wow 200 points ! 🙄
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