Thursday, February 26, 2015

Oil prices plunged in the US – Nasdaq against magical level – HegnarOnline

Oil prices plunged in the US – Nasdaq against magical level – HegnarOnline

US exchanges evolved mixed Thursday.

The Dow Jones fell 0.06 percent to 18,214.42, the Nasdaq rose 0.42 percent to 4,987.89, while the broader S & amp; P 500 Index pulled down 0.15 percent to 2110.74.

Nasdaq against 5.000
Nasdaq was up 4989.11 at its highest in today’s trade, and thus eyes 5000 ies, last seen after the millennium before the dotcom bubble burst.

The number of shares that fell exceeded barely number of shares that rose on the NYSE, where 717 million shares were traded for $ 3.3 billion.

“Fear Index” VIX (CBOE) was traded around 14.

The dollar rose against the world’s other leading currencies, while “10-year-old” climbed over 2.00 percent.

Oil prices plunged
On the commodity exchange in New York rose gold price $ 8.60 to $ 1,210.10 per ounce, while WTI oil fell as much as 5.5 percent to $ 48.17 a barrel.

Brent April oil fell below $ 61 a barrel.

The picture was mixed on the macro front.

Consumer prices fell more than expected in January, while orders for durables rose more than expected.

The number of first time applicants for unemployment insurance (jobless claims) rose much more than expected in last week.

Oil Stocks burdened
Caterpillar today’s heaviest Dow component, after falling 1.6 percent to $ 83.80. McDonald’s became the biggest bright spot – up 1.7 percent to $ 99.51.

IBM also red by 1.2 percent to $ 160.87, after having announced investments of four billion dollars among Another cloud, analytics, mobile and security business in 2015.

Oil price fall burdened energy sector, ExxonMobil and Chevron excelled negative fall respectively. 1.1 percent to $ 88.65 and 1.4 percent to $ 107.06.

Technology was the biggest winner among the S & amp; P 500 sectors. Avago Technologies and Google showed the way.

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