25May2016 Market Close: Markets Close Up, SP500 Closes Just Below 2100, WTI Crude Ready To Blow Past $50


Written by Gary

US markets closed higher for the second day, but traded all morning and afternoon in a narrow band that was mostly sideways. The DOW closed up 145 points and the Spooze closed up at 2091, just short of the 2100 resistance. Crude settled in the trading pit in the mid to high 49, just unable to pierce the $50 resistance barrier. Short-term indicators remain moderately bullish, but the SP500 has to pierce the 2100 level to have this bull rally continue.

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What We Read Today 23 May 2016

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".).


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

Report On The Economic Well-Being Of U.S. Households

from the Federal Reserve

American families overall reported continued mild improvement in their financial well-being in 2015 although many families were struggling financially and felt excluded from economic advancement, according to the Federal Reserve Board's latest Report on the Economic Well-Being of U.S. Households.

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Infographic Of The Day: Invest Now To Keep Pace With Public Sector Data

What innovations and improvements are coming from US Census?

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Video of the Day:

Using sensitive sound equipment the team try to find out how an owl can fly so silently compared to other birds.

video of day picture

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25May2016 Market Update: Markets Up 1%, Volume Declining, Short-Term Indicators Moderately Bullish

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Brexit Would Be Death Knell For British Influence In The World

from The Conversation

-- this post authored by Catherine Gegout, University of Nottingham

David Cameron warned in a major foreign policy speech on May 9 that peace and stability cannot be assured in Europe if the UK leaves the European Union. The prime minister is right: the EU is a guarantee for peace in Europe.

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

April 2015 Philly Fed Coincident Index Rate of Year-over-Year Rate Of Growth Essentially Unchanged

The year-over-year rate of growth of the US Coincident Index was unchanged from last month's level. A comparison of this US Coincident Index with the Aruoba-Diebold-Scotti business conditions index, Conference Board Coincident Index, ECRI's Coincident Index, and the Chicago Fed National Activity Index follows.

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