econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



04Dec2015 Market Close: US Markets Closed Over Two Percentage Points Higher, WTI Closes Down In The Low 40's And Gold Closes Sharply Higher

Written by Gary

U.S. stock indexes jumped more than 2 percent today as U.S. jobs data suggested the economy was strong enough to sustain a Federal Reserve rate hike this month. The DOW closed up 370 points and the SP500 closed up 2.05%.

Oil prices dropped Friday after OPEC decided to maintain current production levels even as crude markets remain mired in a supply glut. After the announcement, WTI fell to 39.63 and closed at 40.12 with the US dollar inching up to 98.33.

Todays S&P 500 Chart

The Market in Perspective

Here are the headlines moving the markets.

OPEC fails to agree production ceiling after Iran pledges output boost

VIENNA (Reuters) - OPEC members failed to agree an oil production ceiling on Friday at a meeting that ended in acrimony, after Iran said it would not consider any production curbs until it restores output scaled back for years under Western sanctions.

First GM China-made import to U.S. to go on sale in mid-2016: GM

DETROIT (Reuters) - By next summer, the Buick Envision small SUV will become the first General Motors Co model imported from China to be sold in the United States, the company said on Friday.

Wall St. jumps as jobs data underscores U.S. economic strength

(Reuters) - U.S. stocks jumped more than 2 percent on Friday as U.S. jobs data suggested the economy was strong enough to sustain a Federal Reserve rate hike this month.

UAW makes step in U.S. South with vote at VW Tennessee plant

DETROIT (Reuters) - The United Auto Workers union, after decades of failed attempts, is expected by Friday night to have won its first organizing vote at a foreign-owned auto assembly plant in the U.S. South.

U.S. carmakers cautious on Pacific trade pact benefits

WASHINGTON (Reuters) - U.S. auto makers are unlikely to win a much bigger share of the Japanese vehicle market under special provisions of a new Pacific trade deal, an industry advisory committee report found, although the pact will open new markets in Malaysia and Vietnam.

Dov Charney says exploring plans to revive American Apparel

(Reuters) - American Apparel Inc founder and former Chief Executive Dov Charney said he was exploring plans with potential and existing investors and industry executives to revive the bankrupt company.

Barclays to cut more investment banking jobs: source

(Reuters) - Barclays Plc plans to cut more jobs in its investment banking unit, a source familiar with the matter said, as the British bank steps up efforts to slash costs and boost profit.

Fed's Yellen faces battle in 2016 after getting all clear for December hike

WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen has the clear signs she wanted of labor market healing to push ahead with the first U.S. rate rise in a decade in December, but may have a tougher time selling further hikes to a skeptical board.

Dow Surges 370 Points, Capping Rocky Week

The Dow capped a rocky week with its biggest point gain in nearly three months after investors cheered a solid U.S. jobs report that bolstered the case for the U.S. Federal Reserve to raise interest rates this year.

Oil Falls Below $40 on OPEC Decision

Oil prices dropped Friday after the Organization of the Petroleum Exporting Countries decided to maintain current production levels even as crude markets remain mired in a supply glut.

Hedge Funds Caught Out by ECB's Move

Investors in hedge funds are bracing for losses after many funds trading macroeconomic themes were caught off guard by the European Central Bank on Thursday.

GoPro stock spirals to new all-time low

GoPro slides to a new low on Friday after a disappointing outlook from key supplier Ambarella leads analysts to cut quarterly revenue estimates for the maker of action cameras.

Terror attacks have cost the travel industry $8.2 billion

Heightened security as consumers adjust to new normal

Market Extra: End of dollar rally would confound market forecasts

Thursday's brutal euro short squeeze has shown once again that, despite all the talk of euro-dollar parity, there appears to be little demand for dollars once the ICE U.S. Dollar index breaks above the 100 level.

Summary of Economic Releases this Week

Real Time Economic Calendar provided by Investing.com.

Earnings Summary for Today

Earnings Calendar provided by Investing.com.

leading Stock Positions

Leading Stock Quotes powered by Investing.com

Current Commodity Prices


Commodities are powered by Investing.com

Current Currency Crosses

The Forex Quotes are powered by Investing.com.



To contact me with questions, comments or constructive criticism is always encouraged and appreciated:

gary@econintersect.com

Click here for Historical Releases Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.





Econintersect Live Market

search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Joan Robinson’s Critique of Marginal Utility Theory
The Truth About Trade Agreements - and Why We Need Them
News Blog
What We Read Today 08 December 2016
Five Mysterious Space Diseases That Could Kill Astronauts Before They Get To Mars
03 December 2016 Initial Unemployment Claims Rolling Average Insignificantly Worsens
November 2016 CBO Monthly Budget Review: Down by 3 Percent in the First Two Months of Fiscal Year 2017
Putting Grassroots Terrorism In The Proper Perspective
Crude Oil Prices: "Random"? Hardly. The More Emotional The Market, The More Predictable It Is.
Infographic Of The Day: Job-Hopping
Early Headlines: Asia Stocks Up, Oil Firms, Russia's Big Oil Deal, Trump Will Stay In Business, Trump Menaces Drug Cos, Banks Rig Silver, Italy's 360B NPL, Iraq Has Oil Cut Problem, China Trade Improves And More
Goals Come With A Hefty Price Tag At The Emirates
Facebook Strongest On Home Ground
Defence Budgets Are Surging In The Baltic States
It's Been A Turbulent Start, But Juno Is Now Delivering Spectacular Insights Into Jupiter
The World's Most Reputable Cities
Investing Blog
Trumpsternomics And Economic Growth
The Real 401k Plan Manager 07 May 2016
Opinion Blog
Italy Confronts The European Elite
The US Government Needs To Spend More
Precious Metals Blog
Silver Prices Rebounded Today: Where They Are Headed
Live Markets
08Dec2016 Market Close: Wall Street Closes Higher, But Not Without Pause For Indicators That Spell CAUTION In Capital Letters
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government



Crowdfunding ....






























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved