Wednesday Outlook: US stocks rally; oil prices drop

Investors optimistic about prospects for a pre-election U.S. stimulus package

  
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., April 2, 2019. Image for illustrative purposes.

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., April 2, 2019. Image for illustrative purposes.

REUTERS/Lucas Jackson

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U.S. stocks rise, dollar falls, as stimulus hopes revive
The Dow Jones Industrial Average was up 249.70 points, or 0.89%, at 28,445.12

Oil falls after U.S. inventory build feeds oversupply fears
Brent crude futures for December delivery were at $42.94 a barrel, down 22 cents

Gold prices gain on weaker dollar, U.S. stimulus hopes
U.S. gold futures were steady at $1,916.40

Stimulus hopes press dollar to one-week low
The dollar index down 0.4% to a one-week low of 92.991


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