Wall Street stocks end little changed as oil prices gain

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

NEW YORK: Wall Street stocks finished almost flat on Thursday (Apr 23) as oil prices bounced again, while the US reported another bruising round ...

NEW YORK: Wall Street stocks finished almost flat on Thursday as oil prices bounced again, while the US reported another bruising round of jobless claims as a result of widespread coronavirus shutdowns.

Stocks were strongly positive in late morning, but pulled back following reports that a closely-watched coronavirus drug being developed by Gilead Sciences failed in its first randomized clinical trial. Petroleum-linked companies rallied, including Exxon Mobil, up 3.1 per cent, and Halliburton, up 8.4 per cent.

Expedia jumped 3.2 per cent after it announced it had raised US$3.2 billion from investment groups Silver Lake and Apollo, which each will have a seat on the board of the travel company. Expedia also named former Tribune Media head Peter Kern as its new CEO.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street rises on hopes worst for labor market is overU.S. stock index futures retreated on Thursday as investors braced for another staggering jobless claims report and an expected plunge in business ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Asia stocks set to rise after Wall Street gains on oil reboundAsian equity markets were poised to edge higher on Thursday after rebounding crude prices and the promise of more U.S. government aid to ease the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »