The rally broke a four-day losing streak for stocks, but it wasn't enough to erase their losses for the week.
The price of U.S. crude oil dropped 12%, the most since November, bringing relief after a sharp runup in crude prices since Russia invaded Ukraine. Big swings have been jerking markets around in recent weeks as investors try to guess how much damage the war will do to the global economy. The Dow ended the day up 653 points. The Nasdaq saw a 460 point increase and the S&P was up 107 points on Wednesday.
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Stocks jump most since June 2020 as oil prices fall sharplyNEW YORK (AP) — Stocks rallied for their biggest gain in nearly two years Wednesday as a sharp drop in oil prices eased fears that inflation was about to get worse around the globe. The S&P 500 climbed 2.6%, its biggest increase since June 2020. Bullshit !!! Lol. Drop Do traders think Russia has surrendered or something? You hear that? It’s the sound of republicans searching for a new way to hate Joe Biden
Source: AP - 🏆 728. / 51 Read more »
Greene Bought Oil, Defense Stocks While Complaining About War ProfiteersMarjorie Taylor Greene bought up to $15,000 in stock in defense and oil companies two days before Russian forces invaded Ukraine. Insider trading when you are in Congress is totally normal and not corrupt AT ALL! She’s not there to improve her district. Is anyone surprised?
Source: truthout - 🏆 69. / 68 Read more »
Stocks drop, oil prices hit decade highs as US considers Russian import banBrent crude oil touched nearly $140 per barrel overnight as the market reacted to the possibility of a ban. The global price benchmark was trading at roughly $125 as of early Monday morning. You'll have to make up the difference with groceries and entertainment
Source: nypost - 🏆 91. / 67 Read more »
Stocks could be headed for a mid-March bottom, if this historical pattern holds upBTIG's chief market technician Jonathan Krinsky hopes stocks could soon reach a March low, but offers his own warning that the market "washout" may... IF IF IF is true, then ... Time to short? Thanks for the confirmation Same time when Federal reserve meeting is scheduled on 14-15 March
Source: MarketWatch - 🏆 3. / 97 Read more »