US stocks finish the week higher

25 December, 2015

US stocks closed mixed on Thursday amid low liquidity, booking gains for the holiday-shortened week helped by oil’s comeback. The Dow Jones Industrial Average dropped 50.44 points, or 0.29%, to 17,552.17 and finished the week up2.5%. The S&P 500 fell 3.32 points, or 0.16%, to 2,060.97, posting a2.8%weekly gain. The Nasdaq Composite rose 2 points, or 0.05%, to 5,048.49 and posted a 2.6% gain over the week.

The US stock market closed at 18:00 GMT on Thursday and will stay closed on Friday for Christmas Day.


Source link  
Dollar rebounds from multi-month lows

The greenback selling pressure seems to have abated for the time being, with the key US Dollar Index (DXY) bouncing off 9-month lows...

EUR/GBP jumps to fresh yearly tops

The EUR/GBP cross was seen building on previous session's strong up-move and has now jumped to fresh yearly tops near 0.8875...

USD: Fed being a little more hawkish

The dollar picked up over the past week, and this continued to be in reaction to a Fed that is being a little more hawkish...


EUR sluggish in recent weeks

EUR has also been surprisingly soft in light of the convincing win by French President Macron...

EUR/USD sinks to session lows

The single currency is now losing the grip vs. the buck, sending EUR/USD to test the area of daily lows in the 1.1240/30. Spot met extra downside pressure...

Euro is consolidating below the 1.1300

In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair still points to some consolidation...


Dollar Index rebound looks plausible

In view of the analysts at Societe Generale, the Dollar Index correction appears to have come...

Oil closed strongly

Oil prices rallied after the EIA weekly report showed gasoline inventories declined the most at this time of the year for at least five years. Stocks dropped 3.26 million barrels to 238.2 million barrels. The market was also buoyed by a fall in US oil production, down 55kb/d to 8.46mb/d last week...

Gold hovering around 3-week high

Gold on Wednesday traded in a narrow band but maintained its bid tone and is hovering around 3-week high level touched on Tuesday to currently trade around $1364 region...

  


Share: