Stocks Rebound as Oil Rallies; Treasuries Climb: Markets Wrap - Bloomberg

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Stocks Rebound as Oil Rallies; Treasuries Climb: Markets Wrap  Bloomberg

U.S. stocks rose after the worst month of the year as a surge in oil prices lifted energy companies. Treasuries climbed as traders digested the latest salvos in the trade spat between the world’s two largest economies. The S&P 500 Index gained, led by oil companies, as crude jumped after Saudi Arabia offered reassurance that OPEC will keep global crude markets in balance. Losses in early trading were prompted by China’s retaliatory tariffs on Saturday to cover more than two-thirds of imports from the U.S. FedEx Corp. slumped as investors assessed the impact of a Chinese probe. The yield on ...

https://www.bloomberg.com/news/articles/2019-06-02/asia-stocks-face-more-pressure-on-trade-war-angst-markets-wrap

2019-06-03 13:41:33Z
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