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).
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.
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.
(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.
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.
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.
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.
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.
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.
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