NEW YORK: (AP) – The Russian ruble recouped some of its losses and crude oil steadied Tuesday afternoon, boosting the U.S. stock market.Major U.S. energy stocks surged, leading a rebound in the market. Chevron jumped 3 percent, the biggest gain of the 30 stocks in the Dow Jones industrial average.The ruble strengthened against the dollar after Russias central bank hiked its key interest rate in an effort to shore up the currency. Russias currency, under pressure from falling oil prices and Western sanctions over Moscows conflict with Ukraine, had fallen as much as 20 percent before recovering.KEEPING SCORE: The Standard …read more
Source: Dunya TV
