Business this week

The S&P 500, Dow Jones Industrial Average and NASDAQ stockmarkets all rose by more than 5% on April 6th, as investors reacted positively to slowing death rates from covid-19 in a few places. But with America expecting a surge in new cases, trading remained turbulent. Oil prices whipsawed in reaction to differing reports about the possibility of Russia and Saudi Arabia reaching a deal to end their price war. A meeting between Russia and OPEC was postponed until later in the week, after which a meeting of G20 oil ministers is scheduled to take place. See article.