Saudi talk sparked oil rally and rekordras – OBI Online

On Thursday, a record the day on US stock exchanges.

The Dow Jones rose 0.64 percent to 18,613.52, the Nasdaq 0.46 percent to 5,228.40, while the broader S & amp; P 500 index gained 0.47 percent to 2,185.79.

not since 1999

None of the three key indices have ever stopped higher.

This is according to Bespoke first time since 1999 that all three indexes when record high end offerings on the same day.

the Dow Jones and S & amp; P 500 also set all-time high intraday – respectively. 18638.04 and 2188.45.

About two stocks rose for every stock that fell on the NYSE, and 456 million shares were traded.

“Fear Index” VIX (CBOE) was traded around 11.6, down 3.6 percent.

Saudi signals

WTI oil ended up entire 4.3 percent to $ 43.49 a barrel, according to CNBC on statements by Saudi Arabia’s oil minister on possible measures to stabilize prices.

at the same time notifies the international energy agency (IEA) on rebalancing of the market in the 2nd half of this year.

– I think it’s two main drivers here. One of them is the oil. The second part is the rally in trading stocks, says senior analyst Mariann Montagne by Gradient Investments to CNBC.

3M was one of the best Dow components on the plus 1.2 percent to 181 dollars, while energy led the way among the sub-indices S & amp; P 500 – up over one percent.

– We see good things happen to consumers now. The positive quarterly results from Alibaba helps the market, since they show that the Chinese consumer does well, says chief strategist JJ Kinahan in TD Ameritrade to CNBC.

Alibabas US-listed shares rose 5.1 percent to 91.77 dollars.

Took off in trade

on the macro front came number of first-time applicants for unemployment benefits (jobless claims) in slightly higher than expected, while import prices surprised with a rise – which helps to lift a inflation which according to the Federal Reserve has been unhealthy low for a long time.

Alibaba is mentioned, but other strong trading shares includes not least Macy’s, thundered up 17.1 percent to $ 39.81 after delivering earnings and revenue exceeded expectations in Q2. Department store chain also warns that it will close 100 stores.

– I think the good news from Macy’s is that they close 100 stores. It is a necessary step, says Director Maris Ogg in Tower Bridge Advisors to CNBC.

Kohl’s surprised positively with their quarterly and popping up over 16 percent.

Among energy shares rose ExxonMobil 0.4 percent to $ 86.70, Chevron 1.3 percent to $ 101.40 and Schlumberger 0.8 percent to $ 81.50.