Dow closes above 27,000 as S&P returns to 3,000

US stocks surged today amid market's hopes about the US-China trade talks, and ahead of the ECB and the US Fed meetings.

President Trump renewed today his requests of the US Federal Reserve to cut interest rates to zero or below to support the economy.

The ECB will hold its monthly meeting tomorrow, with forecasts of a cut to the negative levels, while the Bank's Chair Mario Draghi is likely to announce a new quantitative easing program..

The US economy revealed that the producer prices index rose by 0.1% during last month.

In the oil market, WTI fell by 2.9% to close at $55.75 a barrel, with a high of $58.3 and a low of $55.6.

Brent fell by 2.5% to $60.81 a barrel, with a high of $63.2 and a low of $60.5.

Dow Jones rose by 0.8% or 227 points to close at 27,137 points, with a high of 27,137 points and a low of 26,885 points.

Nasdaq gained 1% or 85 points to 8,169, with a high of 8,169 and a low of 8,081 points.

S&P 500 rose 0.7% (21 points) to 3001 points, with a high of 3,001 points and a low of 2,975 points.