By Sara Sjolin, MarketWatch Oil prices moved sharply higher on Tuesday on hopes OPEC’s deal to cut production that set in on Sunday will help stabilize the market in 2017. Futures for West Texas Intermediate crude jumped $1.23, or 2.3%, to $54.95, setting it on track for its highest settlement since July 2015. Brent futures climbed $1.27, or 2.2%, to...
By Sara Sjolin, MarketWatch Oil prices moved sharply higher on Tuesday on hopes OPEC’s deal to cut production that set in on Sunday will help stabilize the market in 2017. Futures for West Texas Intermediate crude jumped $1.23, or 2.3%, to $54.95, setting it on track for its highest settlement since July 2015. Brent futures climbed $1.27, or 2.2%, to...
If anything, last week was supposed to be bullish… the Santa Claus rally. Santa only left coal in traders' stockings this time around, though, sending the S&P 500 1.1% lower for the shortened trading week. Perhaps worse, in the process of doling out the pullback, the S&P 500 fell under a couple of crucial support lines, meaning stocks will start...
The final tallies for each major sector are in, and surprise! The iShares US Energy Fund (IYE), in dark green, outperformed everything else with a 26% gain. Meanwhile, iShares US Healthcare Fund (IYH) — plotted in a turquoise color — was the worst performer, logging a 1% loss in calendar 2016. The former was an impressive end to on otherwise...
By Sam Wilkin, Bloomberg OPEC output cut creates capacity to respond to supply outages Slim prospects of big shocks to supply in first half: WoodMac With Donald Trump set to enter the White House in January and populists on the march across Europe, political risk will loom large in 2017. Cautious investors may find stability in an unfamiliar place: the...
Look at how the Dow Jones Industrial Average is behaving compared with the Wilshire 5000 index By Mark Hulbert, MarketWatch Welcome to day 10 in the Dow’s so-far unsuccessful attempt to eclipse the 20,000 barrier (as judged by when this benchmark first traded within 1% of that level). Many are wondering why the Dow industrials decided to pause here, given...
By Netty Idayu Ismail, Bloomberg With two trading sessions to go, the run for the U.S. dollar has the currency on track for its best quarter since 2008. Most of the gains for the Bloomberg Dollar Index came after Nov. 8 on bets President-elect Donald Trump will boost economic growth and inflation when he takes office next year. Some are...
By Netty Idayu Ismail, Bloomberg With two trading sessions to go, the run for the U.S. dollar has the currency on track for its best quarter since 2008. Most of the gains for the Bloomberg Dollar Index came after Nov. 8 on bets President-elect Donald Trump will boost economic growth and inflation when he takes office next year. Some are...
Though the so-called Santa Claus rally — the noteworthy bullishness that usually materializes between the Christmas break and New Year's Day –– gets plenty of lip service this time of year, few of those who talk about it as a tendency every actually validate the theory. It's a real thing, though, as our chart below can verify. The graphical representation...
Though the so-called Santa Claus rally — the noteworthy bullishness that usually materializes between the Christmas break and New Year's Day –– gets plenty of lip service this time of year, few of those who talk about it as a tendency every actually validate the theory. It's a real thing, though, as our chart below can verify. The graphical representation...
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