14Apr2020 Midday Update: Wall Street Jumps Over 2% On Hopes Of Lockdown Easing, DOW Up 537 Points, WTI Crude Slips To 20.84, Saudis Quietly Launch New Price War With Record Discounts
Written by Gary
US stock market makes moderate improvement as JP Morgan chase reports profit falls 69% (SPY +2.6%). It appears Saudi Arabia did not get the memo that cutting oil output was supposed to end the price war.
Source: http://econintersect.com/pages/market/market.php?post=202004141153
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