US stocks open higher, rebounding after two days of losses brought on by the collapse of oil prices
From CNN Business' Anneken Tappe
US stocks are gearing up for a rebound today, with futures pointing to the first higher open of the week. "Investors catch [a] collective breath, but sentiment remains fragile," wrote Marc Chandler at Bannockburn Global Forex in a note this morning. Stocks have spent two days in the red this week, dragged down after the oil market broke and prices turned negative. Even though sentiment is better today, the fundamental worries about oil storage capacity amid weaker demand hasn't gone away.
And coronavirus? Well, it's still weighing on companies' performances, making this earnings season ugly so far. And all of this means the situation could turn pear-shaped for stocks very quickly.are up more than 350 points, or 1.5%, while S&P 500 futures are up 1.5%. Futures for the Nasdaq Composite are up 1.4%.Global stocks are in the green, too.share with Facebook
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US stock futures jump as oil market collapse weighs on investorsUS stock futures were up on Tuesday as the oil price crash continues to weigh on investors
Read more »
US stock futures point to another down dayInvestors continue to worry about the coronavirus pandemic's impact on the economy. Here's what's moving markets today.
Read more »
US stock futures point to a higher openInvestors continue to worry about the coronavirus pandemic's impact on the economy. Here's what's moving markets today.
Read more »
U.S. coronavirus deaths per day: A look at the changing daily death toll in the countryThe U.S. has the highest death toll in the world, with nearly twice the number of fatalities in Italy, Spain and France.
Read more »
Hundreds of US oil companies could go bankruptThe US oil industry is facing a doomsday scenario. The coronavirus pandemic has caused oil demand to drop so rapidly that the world is running out of room to store barrels. At the same time, Russia and Saudi Arabia flooded the world with excess supply.
Read more »
Atos acquires U.S.-based Miner & KaschAtos SA has acquired U.S.-based data science firm Miner & Kasch in a bid to boost its big-data and AI consultancy business, the company said Wednesday. The French information technology company didn't disclose financial details of the deal. Experts from Atos's 2017 big-data acquisition zData will work with Miner & Kasch staff to accelerate its data-science-as-a-service offering, the company said.
Read more »