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

Earnings Summary for Today

Earnings Calendar provided by

leading Stock Positions

Leading Stock Quotes powered by

Current Commodity Prices

Commodities are powered by

Current Currency Crosses

The Forex Quotes are powered by

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

Click here for Historical Releases Listing

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

Econintersect Live Market

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.

Keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Middle East / Africa
USA Government



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


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved