Markets Live Recap: Why Oil Prices and Stocks Both Surged Today

The biggest news of the day was the 20% pop for oil prices. They surged thanks to optimism around production cuts. There are also expectations from analysts that demand for the commodity will increase as some economies attempt to reopen around the world. The S&P 500 was up as much as 1.8% mid-day, but only closed 0.9% higher. The overall market is clearly buying the news that economies around the world will open up. But it's to be determined if they'll be able to do that without spreading the coronavirus further. Here's what our experts - Chris Johnson, D.R. Barton, Jr., and Shah Gilani - think investors should be doing with their money today. The post Markets Live Recap: Why Oil Prices and Stocks Both Surged Today appeared first on Money Morning - We Make Investing Profitable . Read more... To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.