Adviser Investments Stock Market Recap: Oil Prices Hit 5-Month High

Oil Prices Reach Five-Month High

Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Monday, April 8. Major U.S. stock indexes closed with minimal movement and mixed results today, with the Dow Jones Industrial Average down 0.3% and the S&P 500 and NASDAQ up 0.1% and 0.2%, respectively. This marks the eighth consecutive day of gains for the S&P 500, putting the index within 1.3% of its all-time high. Meanwhile, crude oil prices reached a five-month peak at more than $64/barrel as a result of ongoing tension in Libya and OPEC production cuts.

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