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Monthly Archive: February 2016

Feb 29

Wall St falls sharply as Iran boosts oil production

Market Recap 2/26/16:   U.S. stocks fell on Friday after a strong read on economic growth reinforced the idea that the Federal Reserve would hold steady with its plan to raise interest rates by four times this year, a policy that is seen as a potential headwind for stocks. Fourth-quarter gross domestic product expanded at a 1-percent …

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Feb 26

Wall St rises, investors look ahead to data

Market Recap 2/25/16: U.S. stocks rose for a second straight session on Thursday, lifted by an ongoing rally in the price of crude oil. The commodity jumped about 3 percent on the day, which lifted beaten-down energy shares and reinforced the idea that a bottom had been put into the oil market. Investors have been …

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Feb 25

Wall St eyes China; energy shares remain in focus

Market Recap 2/24/16: U.S. stocks rallied on Wednesday, with major indexes turning sharply higher in afternoon trading following a rebound in crude oil prices. The day’s trading was volatile, with Wall Street having opened lower, pressured by an early drop in commodity prices. However, a late stabilization in crude prices translated to the broader market, …

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Feb 24

Wall St falls along continued oil weakness

Market Recap 2/23/16:   U.S. stocks fell sharply on Tuesday, with major indexes losing more than 1 percent in a sharp retreat from the previous session’s gains. The losses came after Saudi Arabia’s oil minister effectively ruled out production cuts among major oil-producing nations, a move that could have address the persistent oversupply issues that …

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Feb 23

Wall St retreats after rally; oil market remains in view

Market Recap 2/22/16:   U.S. stocks surged on Monday, with major indexes closing sharply higher in a broad rally as an advance in the price of crude oil lifted energy shares. With the day’s gain, major indexes are down by about 5 percent thus far in 2016, cutting earlier losses by more than half. The …

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Feb 22

Wall Street rises alongside oil prices

Market Recap 2/19/16:   U.S. stocks ended mostly flat on Friday, though a steep drop in oil prices weighed on the energy sector. The commodity fell amid a rise in crude oil stockpiles, which underlined the persistent issues of oversupply and low demand that have plagued the sector for several months. Wall Street has been broadly …

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Feb 19

Wall St edges lower after week of sharp gains

Market Recap 2/18/16:   U.S. stocks fell modestly on Thursday, in a reprise from the heavy volatility that has marked major indexes of late, as investors found few reasons to keep pushing shares higher following a sharp three-day rally. The S&P 500 gained 5.3 percent over the previous three session, erasing much of the weakness it …

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Feb 18

Wall St looks for fourth straight advance as oil gains

Market Recap 2/17/16:   U.S. stocks rallied for a third straight day on Wednesday, as a rebound in crude oil lifted energy shares. The jump came after Iran indicated support for a plan by major oil-producing countries to freeze production, which is seen as addressing oil’s oversupply issue, which has been a major drag on …

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Feb 17

Wall St rises alongside oil, Fed minutes awaited

Market Recap 2/16/16:  U.S. stocks rallied for a second straight day on Tuesday, with Wall Street returning from a holiday to enjoy broad gains. All ten primary S&P 500 sectors jumped on the day, with many climbing more than 1 percent. The day’s move was the latest example of heavy market volatility; many recent sessions …

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Feb 16

Wall St rallies, but energy sector still in view

Market Recap 2/12/16: U.S. stocks jumped in a broad rally on Friday, with major indexes ending a five-day losing streak, helped by a jump of more than 10 percent in the price of crude oil. The day’s move was the latest example of heavy market volatility; many recent sessions have seen major indexes post daily moves …

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