Mixed data out as traders weigh new stimulus versus jobless claims increase. The Dow Jones Industrial Average gained 11 points, led by Boeing, Chevron and Intel, while the S&P 500 rose 0.2%.
- S&P 500: 16%
- Nasdaq: -0.10%
- Dow Jones: 24%
“Stocks are extending their gains thanks to ongoing stability in the ‘three pillars’ (stimulus, vaccines, and earnings),” wrote Adam Crisafulli of Vital Knowledge in a note. “The $2T number is about inline w/expectations and investors need to watch yields very closely…All the Trump impeachment noise is largely irrelevant to markets.”
Crude Oil and Natural Gas News
Crude oil prices up big again as traders eyeing new vaccine news as signs of increasing demand. Crude oil prices currently trading around $53.46 at 12:21 PM MST. Natural gas prices fall amid warmer weather, down over 2% today. NG stocks draw 134 bcf, beating expections but not enough to lift markets. Natural gas prices currently trading around $2.672
US Energy News
- Chesapeake out of BK
- EIA shows NG stock draw again
- Kimmeridge launches fixovitiv.com
International Energy News
- Oil tanker battle
- Total signs JV for power generation
- Goldman Sachs bullish on NG
