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Dow ends 2% higher as US stocks rally with oil prices

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NEW YORK (AFP) - Wall Street stocks bounced on Wednesday (April 22), recovering some of the losses from a two-session slide as US oil prices rallied following a volatile session.. Read more at straitstimes.com.

NEW YORK - Wall Street stocks bounced on Wednesday , recovering some of the losses from a two-session slide as US oil prices rallied following a volatile session.The broad-based S&P 500 gained 2.3 per cent to 2,798.70, while the tech-rich Nasdaq Composite Index jumped 2.8 per cent to 8,495.38.

Still, analysts consider the oil market highly vulnerable to further weakness due to elevated US crude inventories that are near capacity level. "We all can assume that by the end of June, the country will be pretty much open again, but we don't know," said Maris Ogg of Tower Bridge Advisers.

 

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