Dow jumps about 530 points as oil eases
The Dow Jones Industrial Average rose 529.85 points, about 1%, to 52,495.88 on Tuesday. The S&P 500 gained 0.3% and the Nasdaq slipped less than 0.1%. Brent crude fell 0.7% to $108.79 after nearing $112 earlier, its highest since the war with Iran began in late February. Airlines gained on cheaper fuel; General Motors fell 6.8%.
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Why it matters
Retirement and index-fund investors saw a modest gain, with the S&P 500 up 0.3%. Lower oil helped fuel-heavy airlines, while Brent crude has swung between $97 and $112 a barrel this month.
Sources
- AP via BNN Bloomberg: U.S. stocks rise after oil prices retreat
- Yahoo Finance: Stock market today, Dow rises
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