Stocks close higher for the first time in three days on stimulus hopes, waning oil concerns

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U.S. stocks closed sharply higher Wednesday as oil markets stabilized and investors eyed another stimulus package from Congress. The Dow Jones Industrial...

U.S. stocks closed sharply higher Wednesday as oil markets stabilized and investors eyed another stimulus package from Congress. The Dow Jones Industrial Average DJIA, +1.98% closed about 451 points, 2%, higher, near 23,475, while the S&P 500 SPX, +2.29% added about 63 points or 2.3% to close at about 2,799. The NASDAQ Composite Index COMP, +2.80% jumped nearly 3%, 232 points, to close near 8,495.

After several days of sell-offs in the oil market, June WTI futures CLM20, +22.81% rallied about 20% on Wednesday. And shares of Kimberly-Clark Corp. KMB, +2.38% rose about 2% after the consumer staples manufacturer reported earnings and sales that beat estimates. The company, whose products include toilet paper and other personal-care products, has seen a boost from consumer stockpiling during the coronavirus stay-at-home orders.

 

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USA unemployment to hit 25+ Million tomorrow.... That's worse then 1929

Mother of all DEPRESSIONS is coming....

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