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.
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