Nasdaq Climbs to Highest Since July; Oil Sinks: Markets Wrap

S&P 500 closes above 3,000 for the first time in six weeks
Investors foresee easing moves by ECB after Thursday meeting

Jeff Boswell, head of developed-market credit at Investec Asset Management, says the ECB may disappoint on QE.Source: Bloomberg

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By Vildana Hajric

September 10, 2019 at 9:48 PM UTC

Updated on

September 11, 2019 at 8:05 PM UTC

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Stocks rallied, with the Nasdaq Composite Index rising to the highest level since July, as the rotation from momentum to value shares that began at the start of the week slowed. Crude oil plunged after President Donald Trump indicated that sanctions on Iran could be eased.