Reuters / Lucas Jackson
- US stocks rose Wednesday as investors looked to positive signs around economic reopenings from coronavirus-induced shutdowns.
- Retailers continued to release earnings, with Lowe’s gaining and Target declining after premarket reports.
- Oil rose ahead of a key report due Wednesday from the US Energy Information Administration.
- Read more on Business Insider.
US stocks rose Wednesday as investors looked to positive signs around economic reopenings from coronavirus-induced shutdowns.
Here’s where US indexes stood shortly after the 9:30 a.m. ET market open on Wednesday:
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Investors watched a round of retail earnings before the bell Wednesday that showed that consumers have taken to home improvement and shifted to shopping online amid sweeping lockdowns.
Oil rose Wednesday as traders see signs of demand stabilizing following a hit from the coronavirus pandemic. West Texas Intermediate crude gained roughly 1%, to $32.78 per barrel. International benchmark Brent crude gained 3.1%, to $35.73 per barrel, at intraday highs.
Later Wednesday, the US Energy Information Administration report that will show the weekly change in stock is due. Further, the Federal Reserve will release minutes from its April 28 and 29 meeting at 2 p.m. ET.
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