Morning Report 3 Apr 20: Surging oil prices push stocks higher

US sharemarkets see-sawed during the Thursday session. Energy shares rallied 9.1% on a record lift in the oil price. Although investors fretted about the health of the US economy with claims for unemployment insurance soaring.. The Dow Jones index rose  by 470 points or 2.2%, after trading in a 743 point range. The S&P500 index rose by 2.3% and the Nasdaq gained 127 points or 1.7%.

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