27Mar2015 Market Close: U.S. Averages Ended Session With Fractional Gains On Low Volume While WTI Oil Plummets


Written by Gary

U.S. stocks ended in the green on slight gains in a quiet session this afternoon, giving investors a break after four straight days of losses. The price of oil slipped dramatically this afternoon following a big gain yesterday, when traders worried that the escalating conflict in the Middle East would affect the flow of crude from the region.

Oil futures, posting a decline for the first time in six sessions and totally wiping out yesterday"s gains, but still gained about 5% for the week. Prices have dropped as investors have become less worried about the conflict in Yemen.

By 4 pm the afternoon trading had been sideways in a very narrow region on low volume suggesting investors are once again waiting for Mr. Market to give them a clue as to market direction.

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What We Read Today 27 March 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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Eurozone Business Output Improves

The latest Markit composite Purchasing Managers’ Index (PMI) for the Eurozone suggests that business output in the 19 member bloc is growing at its fastest rate for almost four years.

Safe Haven Appeal Grows on Yemen Tension

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Air Strikes in Yemen Lift Oil Prices

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27Mar2015 Market Update: Markets Start Afternoon Session In The Green, U.S. Dollar Off Highs, WTI Oil Trending Down

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Median Household Income Up Slightly in February 2015

from Sentier Research

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