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Barchart
Barchart
Rich Asplund

Stocks Rally on Strength in Energy Shares and US-China Trade Hopes

The S&P 500 Index ($SPX) (SPY) on Thursday closed up +0.58%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.31%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.88%.  December E-mini S&P futures (ESZ25) rose +0.58%, and December E-mini Nasdaq futures (NQZ25) rose up +0.90%.

Stock indexes settled higher on Thursday, led by strength in energy producers after WTI crude oil jumped more than +5% when the US blacklisted state-run Rosneft PJSC and Lukoil PJSC, Russia’s largest oil producers, which threatens to tighten global oil supplies.  Also, Dow Inc. rose more than +12% after reporting stronger-than-expected Q3 adjusted operating Ebitda.  In addition, Honeywell International rose by more than +6% after reporting better-than-expected Q3 sales.

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