Stocks climb worldwide as oil prices crawl off the floor
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April 23, 2020
NEW YORK (AP) — Stock rose on Wednesday, and the S&P 500 recovered a chunk of this week's sharp losses as a bit of oxygen pumped through markets around the world.
Even oil gained ground, pulling further away from zero after earlier getting turned upside down amid a collapse in demand. Stocks rose from Seoul to Spain, and winners outnumbered losers in New York by more than two to one. Treasury yields also pushed higher in a sign of a bit less pessimism among investors.
"This has been a tremendously good reminder that the stock market is a forward predictor," said Andrew Slimmon, senior portfoli...
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