Stocks marched broadly higher on Wall Street Wednesday, briefly nudging the S&P 500 above its all-time closing high set in February, before the coronavirus pandemic led to a historic market plunge.
World & Policy
New York Mercantile Exchange nearby delivery month oil futures and spot month Brent crude on the Intercontinental Exchange rallied in afternoon trade Wednesday.
Nearby delivery month oil futures on the New York Mercantile Exchange added to gains in early afternoon trade Wednesday after weekly supply data from the U.S. Energy Information Administration showed domestic crude oil supplies decreased a third consecutive week.
Stocks are rebounding in early trading on Wall Street Wednesday, carrying the S&P 500 back toward the cusp of its record high.
Oil futures and Brent crude reversed higher in overnight trade alongside surging equities and a weaker U.S. dollar as traders look to industry data showing a larger-than-expected drawdown in U.S. commercial crude oil inventories and a and a boost in demand projections...
A federal appeals court in Washington appeared inclined Tuesday to let a judge decide on his own whether to grant the Justice Department's request to dismiss the criminal case against former Trump administration national security adviser Michael Flynn.
UNITED NATIONS (AP) -- The United States on Tuesday circulated a revised resolution that would extend a U.N. arms embargo on Iran indefinitely, seeking to gain more support in the 15-member Security Council where veto-wielding Russia and China have voiced strong opposition.
What DTN Is Watching
In addition to the latest weather forecasts and any trade news that emerges, traders will notice several reports Wednesday. The U.S. Labor Department issues its consumer price index at 7:30 a.m. CDT. The U.S. Energy Department has its weekly energy inventory report at 9:30 a.m., including ethanol. USDA's WASDE and Crop Production reports are due out at 11 a.m. CDT. The U.S. Treasury updates the federal budget at 1 p.m.Weather
Showers and thunderstorms will cross the Northern and central Plains and western Midwest along with the Delta Wednesday. Rainfall totals will be light to moderate. In addition, some of the activity in northern areas could reach severe storm levels. Dry conditions will be in place elsewhere with stressful heat in the Southern Plains and high fire potential in the northwestern Plains.
© (c) Copyright 2020 DTN, LLC. All rights reserved.