#AceFinanceNews – Aug.11: Today’s rally in the stock market is being fueled, in part, by rising oil prices.
Petroleum traded higher in the wake of comments from the Saudi oil minister about stabilizing prices and a forecast that crude markets would tighten in the second half of the year
US stocks rally with all 3 major indexes setting all-time closing marks as oil prices climb – CNBC
US markets (close): DJIA 18,612.49 (+116.83/+0.63%), S&P 500 2,185.78 (+10.29/+0.47%), NASDAQ 5,228.40 (+23.81/+0.46%), NYSE 10,844.28 (+69.30/+0.64%)
CNBC notes that the S&P 500 has now joined the Dow marking a new all-time record high, amid gains in oil prices and earnings from retailers. The S&P is trading at 2,188
Oil futures settle at a near 3-week high; September deliveries close at $43.49 a barrel – MarketWatch
I would remind you that this blog is produced free for the public good and you are welcome to republish or re-use this article or any other material freely anywhere without requesting further permission.
News & Views welcome always published as long as NO bad language or is not related to subject matter.
To keep online information secure, experts recommend keeping your social media accounts private, changing your passwords often, and never answering unsolicited emails or phone calls asking for your personal information. Need help and guidance visit https://acepchelp.wordpress.com and leave a comment or send a private message on Telegram @Aceone31