Energy News Beat 1/20/2020 Markets and Finance Update

Published January 20, 2021 78 Views

Rumble Stocks rise as President Joe Biden sworn in as the 46th President of the US. The Dow Jones Industrial Average rose 240 points. The S&P 500 advanced 1.5% to an intraday all-time high. The tech-heavy Nasdaq Composite jumped 2.1% to a record amid a pop in Netflix shares.

• S&P 500: 1.39%
• Nasdaq: 2.31%
• Dow Jones: 0.85%

“I believe we will be able to turn the page,” said Kristina Hooper, Invesco’s chief global market strategist. “I expect markets to continue to move in expectations of a robust recovery later in 2021 when vaccines are broadly distributed.”

Crude Oil and Natural Gas News
Crude oil prices steady as E&P sectors awaits US earning season. CL prices currently trading at $53.18. Natural gas prices fall amid warmer temperatures. NG prices currently trading around $2.543

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