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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