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How to Rent Out Your Stocks for Extra Income

Daily Recap

The action today was in stocks and oil. OPEC announced that it would continue with production cuts for another 9 months, which should be supportive for oil. But not so fast! Traders were hoping for even larger cuts and for a longer time period. So crude oil prices plummeted, down over 5% and settling at $48.66/bbl.

Stocks were up smartly in Asia, led by Chinese and Indian shares, both up nearly 1 1/2% on average. European exchanges weren't so giddy, with most markets finishing lower, the FTSE once again being the exception. The STOXX 600 closed down 0.06%. Worldwide, the Global Dow rose 0.30%.

In the US, stocks made it six higher days in a row, with both the S&P 500 and NASDAQ marking new all-time highs. Part of the rationale is that with earnings up some 15% in the first quarter without any Trump financial help, delays on tax and spending changes isn't ... Log in or subscribe to continue reading.


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