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Finally, Stocks Have an Up Day

The S&P 500 index rises 2.3%
By Newser Editors and Wire Services
Posted Apr 22, 2020 3:10 PM CDT

(Newser) – Stocks are closing higher on Wall Street after two days of losses, and the price of oil burst higher a day after a historic plunge, the AP reports. US crude jumped after President Donald Trump threatened the destruction of any Iranian gunboats that harass US Navy ships, raising the possibility of a disruption to oil supplies. Energy companies, which are still in deep trouble with the price of oil this low, posted some of the bigger gains. In another encouraging sign of waning pessimism in the market, Treasury yields rose. The S&P 500 index rose 2.3%. It’s still down for the week. (Read more stocks stories.)

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