Dow Jumps 500 Points to Snap 4-Day Slide — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Dow rose 500 points to snap a four-day slide as oil prices cooled and traders looked past the inflation report
- Oracle's earnings beat and Wall Street's acceptance of Fed clarity on rates helped lift US futures, pushing the S&P 500 higher on the session
Why it matters: Oracle's strong quarter gave the market a corporate-earnings tailwind at a moment when cooling oil eased supply-driven inflation fears — a combination that let traders absorb an inflation print and pivot to Fed-rate clarity, ending a four-day Dow slide.
Ask SkimNews
