Top

Amid Scary Earnings Season, The Dow Just Hit a 9-Month High

April 19, 2016

Via: Fortune
Category:

The Dow Jones industrial average climbed to a nine-month high on Monday, in a market buoyed by Hasbro and Disney, as investors braced for a flurry of quarterly earnings reports through the week.

Chevron CVX 1.51% added 1.51% as crude oil prices steadied from earlier losses caused by the collapse of talks among major producers to tackle a stubborn global surplus.

A recent rebound in oil and signs that the U.S. economy is slowly improving have helped stocks rally from a steep selloff earlier this year that had pushed the S&P 500 down as much as 10.5%.

Read More on Fortune