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17 Dec 2015
US stocks driven lower on oil and USD strength
FXStreet (Guatemala) - U.S. stocks, unlike their counterparts in the EU, has a poor day as investors got out of energy and dragged the stock market lower with them.
However, the worst performers were Goldman Sachs, IBM and Caterpillar taking the Dow 100 points lower today. There is a great deal of positioning taking place as we head in towards the close for the year now that the Fed is out of the way for the time being and volatility might be expected.
The US dollar that tardeed almost 1.5% higher and commodities were leaving the session with WTI down 57 cents and by 1.6% at $34.95 bbl with lows of $34.61 bbl. The S&P 500 traded was lower by 21 points o 2,051 (-1.01%). The Nasdaq composite finished up - 42 points, at 5,028 (0.84%). USD/JPY was approaching 122.80 resistance and over half a figure higher than the open before settling back on the 1hr 9 SMA at 122.69.
However, the worst performers were Goldman Sachs, IBM and Caterpillar taking the Dow 100 points lower today. There is a great deal of positioning taking place as we head in towards the close for the year now that the Fed is out of the way for the time being and volatility might be expected.
The US dollar that tardeed almost 1.5% higher and commodities were leaving the session with WTI down 57 cents and by 1.6% at $34.95 bbl with lows of $34.61 bbl. The S&P 500 traded was lower by 21 points o 2,051 (-1.01%). The Nasdaq composite finished up - 42 points, at 5,028 (0.84%). USD/JPY was approaching 122.80 resistance and over half a figure higher than the open before settling back on the 1hr 9 SMA at 122.69.