Investors are clinging to hope that the war in Ukraine might be easing, and the markets surged today.
After a four-day losing streak, the Dow jumped more than 600 points, while the price of oil was down 11% at the closing bell.
The Dow gained 653 points, exactly 2%, to close at 33,286.
The Nasdaq was up 3.6%, gaining 460 points today.
The S&P finished the day 2.5% higher, up 107 points.
Oil prices gave back some of the rally we’ve seen this month. Today’s drop was crude oil’s worst fall since November. The current geo-political tensions are a big part of the swings. The U.S. is also encouraging other countries to produce more oil.
Millions have quit their jobs over the last year, they say due to bad hours, burnout, and a desire for more flexibility. A new Pew Research study shows higher paychecks and a better shot at advancing professionally are the main motivations.
After years of dangling the carrot, VW finally showed off its new bus. This is the ID.BUZZ, a 21st century version of its classic. All electric. Comes with two-tone paint. 200 horsepower. Goes on sale next year. No word yet on a price.
From Los Angeles, I’m Brian Martin with your BEONDTV After the Bell report.
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