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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks bounced Wednesday, recovering some of the losses from a two-session slide as US oil prices rallied following a volatile session. The Dow Jones Industrial Average finished up 2.0 percent at 23,469.58. The broad-based S&P 500 gained 2.3 percent to 2,798.70, while the tech-rich Nasdaq Composite Index jumped 2.8 percent to 8,495.38. The gains came as futures for US oil benchmark West Texas Intermediate for June delivery jumped 19 percent to $13.78 a barrel in New York. WTI sank into negative territory on Monday for the first time, but that was for the May contract that expired Tuesday. Still, analysts consider the oil market highly vulnerable to further weakness due to elevated US crude inventories that are near capacity level. The turmoil in the oil market has been a source of downward pressure in the stock market over the last two days, amid fears of oil industry bankruptcies and concerns about the weakening macroeconomic picture that have dented petroleum consumption. Analysts describe broad investor unease due to uncertainty on when the US economy will reopen following coronavirus lockdowns and on how quickly activity will return. "We all can assume that by the end of June, the country will be pretty much open again, but we don't know," said Maris Ogg of Tower Bridge Advisors. "The clear problem is confidence," she said. "Everything has to do with people being fearful of congregating." Large technology companies were big winners, with Facebook surging 6.7 percent, Google parent Alphabet 3.9 percent and Apple 2.9 percent. An exception was Netflix, which fell 2.9 percent despite reporting a surge in new subscriptions. Shares of the streaming company had gained in anticipation of the earnings report. Delta Air Lines fell 2.8 percent as the company cautioned it could take up to three years to fully recover from the hit to business following coronavirus closures. jmb/cs
schema:headline	Dow ends 2.0% higher as US stocks rally with oil prices
schema:mentions	Dented Records S&P 500 Index Tower Bridge Ogg Protest Dow Jones Industrial Average Barrel Petroleum Stock market Delta Air Lines Apple Inc. Netflix Google New York City Facebook Severe acute respiratory syndrome coronavirus 2 The Turmoil (1916 film) Macroeconomics NASDAQ Composite West Texas Intermediate
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-22 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	55 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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