US Stocks Rise With Crude Oil Futures as Job Openings Drop to Lowest Since April 2020

Last Updated: Tuesday, October 4, 2022 3:57 PM | MT Newswires

US stocks rose alongside crude oil futures while government bond yields slumped Tuesday after job openings dropped to their lowest since April 2020.

The Dow Jones Industrial Average jumped 2.7% to 30,279.15, the S&P 500 surged 3% to 3,785.02 and the Nasdaq Composite was over 3% higher at 11,152.93. Energy and financials were the biggest gainers, with all sectors in the green.

The 10-year yield dropped 3.4 basis points to 3.62% and the two-year rate slipped by less than one basis point to 4.1%.

West Texas Intermediate futures surged 3.1% to $86.19 a barrel.

Gold was up 2% to $1,734.20 per troy ounce, and silver was up 2.6% to $21.12 per ounce.

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