U.S. investment bank Morgan Stanley's lending to the collapsed hedge fund cost it nearly $1bn (SPY +0.2%). SP 500 sets new historic high. Rail Shows Significant Gains Year-over-Year. Here is the current market situation from CNN Money North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.21%, while the IPC led the S&P 500 lower. They fell 1.14% and 0.06% respectively. What Is Moving the Markets Here are the headlines moving the markets. Russia: OPEC+ To Gradually Ease Production Cuts In May-July The OPEC+ alliance will gradually ease the collective production cuts between May and July, as the ministers agreed earlier this month, Russias Deputy Prime Minister Alexander Novak told reporters on Friday. The decision was taken by OPEC+, and the gradual reversal of part of the cuts will take place between May and July, Novak said, as carried by the Russian news agency Interfax. Russia, the key partner of OPEC in the OPEC+ group, decided together with its allies led by Saudi Arabia to ease the collective production cuts by over 1 million