It was a fairly uneventful session on Wall Street, with stocks managing very modest gains after two days of losses. The Dow Jones Industrials rebounded 43 points, the Nasdaq Composite rose 20, and the S&P 500 edged up 5.
Dollar General shares soared 7.3%. The discount retailer's quarterly earnings topped estimates. The company is planning this year to open 975 new stores and remodel 1,000 others.
With the Morganza Spillway’s expected opening sparking new flooding concerns for the Atchafalaya Basin area, President Trump signed a federal disaster declaration for Louisiana. The declaration includes protective measures such as sandbags and direct federal assistance for some parishes.
Word of a much-smaller-than-expected decline in weekly crude-oil inventories sent oil futures plunging today. July crude slid $2.22, or 3.8%, to settle at $56.59 a barrel.