Thursday, November 28, 2024
Election Day gives Dow, S&P run at best day since June- oil and gas 360

Election Day gives Dow, S&P run at best day since June

Fox Business Stocks jumped Tuesday as Americans head to the polls to cast their ballots for the next president.   The Dow Jones Industrial Average jumped nearly 500 points, a gain of 1.8%, while the S&P 500 rose 1.7% in what is a broad rally in mid-day trading with all of the 11 major sectors higher. The two were on pace to

Market bull Tom Lee lists three popular election scenarios, predicts rally in each one- oil and gas 360

Market bull Tom Lee lists three popular election scenarios, predicts rally in each one

CNBC Fundstrat Global Advisors’ Tom Lee is calling for stocks to rally into year-end. It’s not dependent on any single election outcome. Rather, it takes into account three widely-talked about scenarios. Lee’s base case: Joe Biden wins with a blue wave due to his strength in the polls and betting markets. “That rally is roughly 10%,” the firms’ co-founder and

OPEC's Algeria backs, Russia ponders extended oil output cuts- oil and gas 360

OPEC’s Algeria backs, Russia ponders extended oil output cuts

Reuters LONDON – OPEC member Algeria on Tuesday came out in support of deferring a planned increase in OPEC+ oil output from January, a day after Russia’s energy minister raised the possibility with the country’s oil companies. Algeria, which holds the presidency of the Organization of the Petroleum Exporting Countries (OPEC), supports a possible extension of OPEC+ supply cuts for