Friday, February 26, 2016

Flat on Wall Street – OBI Online

Unrest rate increase for signs of higher inflation and oil prices showed signs of weakness burdened Wall Street Friday afternoon.

When trading ended stood Dow Jones down 0.3 percent to 16,638, while the broader S & amp; P 500 fell 0.2 percent to 1948.

Technology Heavy Nasdaq, however, rose 0.2 percent to 4,590.

It was sold about 840 million shares on the New York Stock exchange and around 1,700 one million shares on Nasdaq.

– the markets’ confidence has not been on top which makes me think that we are going to remain at this range for a while. Today we get a slight increase due to the stability of the oil, positive signals from China, while inflation figures were higher than expected, said Michael Block, equity strategist at Rhino Trading in New York, Bloomberg News Friday.

among individual companies rose JC Penney 15 percent after the department store chain put forward a result and earnings above consensus for Q4.

Worse went for Monster Beverage fell two percent on disappointing quarterly results.

LikeTweet

No comments:

Post a Comment