Weekly Wrap-Up 17 April 2015


U.S. stocks plunge, as concerns in China and Greece roil markets

by Staff,

Stocks on the U.S. equities markets took a nosedive on Friday, posting one of their sharpest daily losses of the year as Chinese regulators roiled global markets by cracking down on margin trading and loosening regulations on short selling.

The Dow Jones Industrial Average plunged more than 275 points on the session to retreat to 17,826.30, nearly erasing all of its gains for the year. The NASDAQ Composite index and the S&P 500 Composite index also fell by more than 1% for the session, as lags in the Technology and Industrial sectors sent stocks crashing lower.


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What We Read Today 17 April 2015

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).


Every day most of this column ("What We Read Today") is available only to GEI members.

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 more features, analysis, studies, and news published in the last week

Will Rooftop Solar Energy Ruin The Electric Utility Business?

Written by Andrea Rangel, GEI Associate

The grid will require about $2 trillion in investments over the next 15 years. Electricity costs are expected to rise. In order for companies to update the grid, costs must be covered with increases in price and revenue from electricity sales.

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Infographic Of The Day: Living On Uranus' Moon Titania

 Titania, an airless moon of Uranus, is cold and its day is 84 years long.

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Video of the Day:

Erin Burnett shares the story of Dr. Ronald Mallett, a physicist driven by an obsession to build a time machine that would enable him to visit his late dad

video of day picture

FOREX NEWS by DailyForex

Friday CPI Could Be Key to Inflation Woes

Today’s March consumer price index is more important than usual since it is one piece of data that traders say could change their assumptions on Fed policy.

Aussie Dollar Gets Relief from Jobs Data

Over the past 18 months, the Australian Dollar has been under significant pressure, at one point striking a 6-year trough as growth prospects diminished.

The Writing On The Wall?

Even the Greek government accepts that without help from its Eurozone partners, it will be unable to meet all of its obligations.

ECB Dismisses Greece Fears

European Central Bank (ECB) chief Mario Draghi dismissed fears of a Greek default at his regular press conference in Frankfurt on Wednesday, after the central bank announced that it was keeping interest rates steady.

London Competes for FinTech Hub

London continues to compete with San Francisco's web expertise and New York's financial clout as it pushes to be the foremost financial technology - or fintech - center in the world. Already a center of the $5-trillion-a-day global currency market, it now wants to be home to a controversial upstart –bitcoin.
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17Apr2015 Market Close: DOW Off Triple Digits, China And Greek Problems Send Markets Plummeting

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More Thoughts on the Current Oil Market

by EconMatters,

WTI surged to close at $56.01 a barrel on Wednesday, while Brent closed at $62.86 after the US crude oil inventories showed a "less-than-expected increase". The latest weekly inventory (week ending April 10) from EIA showed an increase of 1.3 million barrels, much less than the 10.9 million barrels of build from the previous week.


Written by Gary

Not a very exciting day after the opening that is. The DOW finally dropped below $300 at one point and finally recovering 25 points at the close. Volume dropped to anemic levels several times as it appeared some investors are holding out for the "eventual" rise back up. On that note, I am not sure that will happen next week.

By 4 pm we saw oil fall and then rise and the reverse for the U.S. Dollar. The "Grexit" seems to be a sure things in the minds of the Germans and concerns over regulations in China putting the S&P 500 on track for its biggest daily percentage loss since March 25. The averages closed much lower today and next week may have a few surprises.

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 USA economy at a glance (boxed items are updates in last 7 days)

10 April 2015: ECRI's WLI Continues to Improve but Remains in Negative Territory

ECRI"s WLI Growth Index continues to improve but has remained in negative territory for 26 weeks. According to ECRI, this index is forecasting slower economic growth in 1H2015 and now into 2H2015. ECRI also released their coincident index this week which is showing slower growth.

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