US stocks get boost from gains in energy sector to close higher

Economies.com
2019-10-23 20:37PM UTC

The amid US stocks indices regained footing by the end of today's trading hours, after the gyrations in the earlier sessions, buoyed by the recovery of the energy sector, in addition to several robust earnings reports by major US companies.

 

The market's concerns over the Brexit deal eased today, after the British House of Commons rejected it yesterday, as the British government will most like request another deadline extension until next January.

 

The European Central Bank will launch its monthly meeting tomorrow, which will be followed by the last press conference by the bank's outgoing President Mario Draghi.

 

Boeing today reported a higher-than-expected earnings report for the third quarter, as Snapchat showed it has attracted millions of new users during the same period.

 

To the oil market, WTI jumped by 2.7%, and closed at $55.97 a barrel (the highest since September 26), with session-high of $56.07 and a low of $53.6.

 

Brent surged 2.5% to settle at $61.17 a barrel (the highest since September 27), with a high of $61.3 and a low of $58.8.

 

Dow Jones gained 0.1% or 46 points to close at 26,834 points, with an intraday high of 26,897 and a low of 26,745.

 

Nasdaq rose by 0.2% or 15 points to 8,119, with a high of 8,122 and a low of 8,073.

 

S&P 500 rose by 0.2% or 8 points and settled at 3,004, posting a session-high of 3,004 and a low of 2,991.

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