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.



17Dec2015 Market Close: U.S. Averages Decline 1.4%, Oil And US Dollar Steady, Investors Are Not Sure What To Think

Written by Gary

U.S. averages ended down one percentage point after a relatively quiet trading session. The DOW closed down 253 points and the SP500 closed down 1.5% after trading mostly sideways today in a narrow trading zone on light to moderate volume. Investors are still waiting for a Santa Claus Rally that in reality, may just turn out to be a child's tea party and mostly imaginary.

Todays S&P 500 Chart

WTI oil is in the high $34's falling from yesterday's high of $37.33 (Chart Here) and the U.S. Dollar is regaining lost ground now in the low $99's, up from its low at $97.66 yesterday (Chart Here).

The Market in Perspective

Here are the headlines moving the markets.

Fed raises interest rates, citing ongoing U.S. recovery

WASHINGTON (Reuters) - The Federal Reserve hiked interest rates for the first time in nearly a decade on Wednesday, signaling faith that the U.S. economy had largely overcome the wounds of the 2007-2009 financial crisis.

Energy and materials drag Wall Street lower after a three-day rally

(Reuters) - U.S. stocks fell on Thursday following three days of gains as energy and materials shares tracked declines in prices of crude oil and metals.

JPMorgan to settle U.S. charges over asset unit's disclosures

WASHINGTON (Reuters) - JPMorgan Chase & Co is expected to strike a settlement with U.S. regulators on Friday to resolve charges over failing to disclose that it preferred putting clients into some of its own funds and other proprietary products, according to people familiar with the matter.

Shell calls for tougher regulation of Dubai oil benchmark: FT

(Reuters) - The Anglo-Dutch oil group Royal Dutch Shell PLC has called for tougher regulation of the Middle East's most important oil-pricing mechanism that has resulted in pushing the region's prices up relative to other grades, the Financial Times reported.

Oil down second day running on fresh supply build, dollar spike

NEW YORK (Reuters) - Oil prices fell as much as 2 percent on Thursday, with Brent trading near 11-year lows, as data showing fresh supply builds at the delivery point for U.S. crude futures added to worries about a global glut.

Turing CEO Martin Shkreli arrested for securities fraud

NEW YORK (Reuters) - Martin Shkreli, who caused public outrage after raising the price of a prescription drug by more than 5,000 percent, was arrested on Thursday for engaging in what U.S. prosecutors said was a Ponzi-like scheme at his former hedge fund and a pharmaceutical company he previously headed.

Volkswagen creates U.S. diesel emissions claims program

WASHINGTON (Reuters) - Volkswagen of America said on Thursday it is creating an independent claims program for the owners of nearly 600,000 diesel vehicles that emit up to 40 times legally allowable emissions.

Apple supplier's light forecast exacerbates iPhone jitters

SAN FRANCISCO (Reuters) - Concerns are deepening on Wall Street about potential weakness in iPhone shipments following a light revenue forecast from one of Apple's suppliers.

Equities fall on energy drag; dollar strengthens

NEW YORK (Reuters) - U.S. stocks paced a decline in global equity markets on Thursday a day after the Federal Reserve's first interest rate hike in nearly a decade, as continued pressure on oil weighed on the energy sector.

U.S. Stocks Fall After Fed-Inspired Rally

A sharp drop in energy shares clipped a three-day winning streak for U.S. stocks.

Argentina's Peso Depreciates Sharply After Currency Controls Lifted

The peso lost nearly a third of its value against the U.S. dollar Thursday, a day after the new government of President Mauricio Macri said it was lifting currency controls to attract investors and kick-start the economy.

Beijing Probes Architects of Stock-Market Rescue

Having already investigated investors and brokerages in connection with a bungled summer stock-market rescue totaling more than $200 billion, Beijing is now probing the rescuers.

In an e-commerce world, Pier 1 says improved brick-and-mortar business is key

Pier 1 Imports said a decline in store visits hurt sales, even as e-commerce growth is strong.

Metals Stocks: Gold futures sink to lowest settlement since 2009

Gold futures dropped on Thursday to log their lowest settlement since 2009, as the metal succumbed to a soaring dollar.

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
Big Mess in Italy
Proud to Be a Nihilist: Bill Mitchell on Econometrics and Numerical Prediction
News Blog
What Did The EU Ever Do For Europeans?
The 10 Most Stolen Cars In America
Improvements In US Air Pollution
Has The Fed Been Effective In Stimulating Consumption?
Major League Soccer's Best-Paid Players
What We Read Today 02 December 2016
Why Your Phone Battery Gets Worse With Time
25 November 2016: ECRI's WLI Growth Index Improves
November 2016 BLS Jobs Growth Continues To Be OK, Just Not Great
Rail Week Ending 26 November 2016: Another Positive Week
It Will Take More Than A Wall To Solve Border Crime
Infographic Of The Day: How The Power Grid Actually Works
Early Headlines: Asia Stocks Down, Oil Eases, More Trump Noms, May Rebuked At Polls, Italy's 5 Star Movmt, Assad's Treachery, India's Currency Mess, Canada's Housing Bubble Popping? And More
Investing Blog
Investing.com Weekly Wrap-Up 02 December 2016
Anticipating The Trend Change Makes For The Lowest Risk
Opinion Blog
Modern Slavery
Please, Donald Trump, Don't Send Climate Science Back To The Pre-Satellite Era
Precious Metals Blog
Silver Prices Rebounded Today: Where They Are Headed
Live Markets
02Dec2016 Market Close: WTI Crude Climbed Back Up To Previous 51 Handle, US Dollar Index Trading At The100 Level, Oil Rig Count At 10-Month High
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