U.S. stock index futures dipped on Thursday as investors braced for another staggering weekly jobless claims number, while oil prices rose on ...
REUTERS: Wall Street rose for the third time in four days on Thursday as the U.S. Federal Reserve rolled out a massive US$2.3 trillion program to bolster local governments and businesses, while energy stocks jumped on an expected cut in oil production.
Still, new claims topped 6 million for the second straight week, underscoring the scale of the damage that the health crisis is doing to the U.S. economy. Exxon Mobil , Chevron , Marathon Oil and Apache Corp rose between 2per cent and 18per cent as oil prices gained. "If there is one thing recent history has shown us, it's that optimism can wear off quickly if cases climb or stay-at-home orders are extended."
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