Dow Sees First Gain in 3 Days

Good news from Saudis and Russia helps
By Newser Editors and Wire Services
Posted Apr 2, 2020 3:16 PM CDT

(Newser) – Stocks closed solidly higher after another whipsaw day, giving the market its first gain in three days, per the AP. Major US indexes rose more than 2% Thursday. The Dow rose 469 to 21,413; the S&P 500 rose 56 to 2,526; and the Nasdaq rose 126 to 7,487. Energy stocks led the way higher as the price of crude oil jumped 25%, bouncing further off an 18-year low, after President Trump said he expects Saudi Arabia and Russia to dial down their price war. The rebound in oil, which was welcome news to a struggling US energy sector, offset another dire report on the jobs market. (Read more stock market stories.)

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