The markets were shut on Monday owing to the celebration of Martin Luther King Jr. Day.However, looking at the dismal performance of last week, there was little hope on the performance as the bell rang on Tuesday morning.
Friday saw some dismal performance for the Financial Markets in the United States. The repercussions of this could be felt all across the board in different sectors.On Friday, the price for Crude Oil fell to below $30 a barrel, assuming that Iran will continue with exports once the international sanctions are lifted.
Everyone hopes that with the New Year there will be some great beginnings. However, this week it didn't happen with the Stock Markets.Last year ended with a slow flow and investors were hoping that things will pick up soon. We are apparently seeing the most dismal week in 4 years.
2015 was the year of the FANG - Facebook, Amazon, Netflix and Google (though Google is now Alphabet, for now let's keep it simple). On an average in a day, we can be sure that these tabs are opened on your computer on a daily basis (for us, they are all opened at the same time. Multi-tasking, we call it).
The year has nearly come to an ending (yes, there are still a couple more days for 2016 to officially make an entrance, but let's be honest, we are going to be drunk for most of it!) and what better way to say goodbye to this financial quarter, than by predicting what happens next.
Brokers across the stock spectrum heaved a huge sigh of relief for the market performance, this past week ending December 25th. The NASDAQ closed early for the long holiday weekend, but it seems that Santa brought some good cheer to Wall Street.
The US Stock market indexes closed lower for the third day in a row after today’s trading hours. The Dow Jones Industrial Average fell 0, 43%, the S&P 500 followed with a 0, 77% and the Nasdaq Composite took the hardest beating of the day, finishing with -1, 48%.
Tuesday December 8. Plunging oil prices has left U.S. stocks firmly in negative territory. Shares of miners and energy companies were pushed down by a progressive slide in oil prices and fears of an economic slowdown based on China’s weak data.
The 7th of December was the first trading day after the excellent job report posted by the FED on Friday. Due to these excellent numbers and the unemployment rate sitting steady around 5%, it became almost certain that the FED will hike rates this month.
The trading day of December 3rd did not bring good news for US Stocks. The highlight of the day was the testimony of Janet Yellen, once again hinting that a rate hike is more than likely to happen in mid-December. This interest rate hike equals bad news for US stocks
