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
Dow Sees First Gain in 3 Days
In this photo taken from video provided by the New York Stock Exchange, Robert Glorioso, chief of building operations at the NYSE, rings the opening bell Thursday, April 2, 2020.   (New York Stock Exchange via AP)

(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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