U.S. stocks plunge, as concerns in China and Greece roil markets
by Investing.com Staff, Investing.com
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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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.
Infographic Of The Day: Living On Uranus' Moon Titania
Titania, an airless moon of Uranus, is cold and its day is 84 years long.
FOREX NEWS by DailyForex
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.
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.
Even the Greek government accepts that without help from its Eurozone partners, it will be unable to meet all of its obligations.
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 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.
by EconMatters, EconMatters.com
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.
17Apr2015 Market Update: Averages Open Lower And Continue To Trend Downward After U. Of Michigan Rep
17Apr2015 Pre-Market Commentary: U.S. Market Futures Dow Half Percent, Averages Expected To Open Low
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.