Wall Street stocks rise as oil surge overtakes shock US jobless numbers
Oil majors Exxon and Chevron are top gainers
02 April 2020 - 21:21
New York — Wall Street bounced on Thursday as hopes of a truce between Saudi Arabia and Russia to cut oil output drove a record 22% surge in prices, outweighing the shock of 6.65-million Americans filing for jobless claims due to virus-led lockdowns.
The S&P energy index, down by half in 2020, climbed 10%, with big gains for majors ExxonMobil and Chevron powering a near 2% rise for both the S&P 500 and the Dow Jones...
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