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Wednesday, March 9, 2016

Epic Research Update : US Markets

Epic Research Update : US Markets

US stocks ended near the lows of the day on Tuesday as energy shares tumbled alongside the price of oil and soft Chinese trade data rekindled fears that the global economy is weaker than anticipated.
US crude futures CLc1 fell more than 4 percent in post-settlement trading, in their largest daily decline since bottoming so far for the year on Feb. 11. Since that low, the US barrel of crude rose as much as 45.5 percent.
The Dow Jones industrial average fell 109.85 points, or 0.64 percent, to 16,964.1, the S&P 500 lost 22.5 points, or 1.12 percent, to 1,979.26 and the Nasdaq Composite dropped 59.43 points, or 1.26 percent, to 4,648.83.
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