The Dow Jones industrial average jumped upwards 112 points to 17,392 at 9:35 a.m EST. While the S&P gained 15 points to 2,017. Nasdaq composite added 32 points to 4,683.
The Yield on the 10-Year treasury Note gained 2.13 percent whereas the crude oil jumped upwards 13 cents to $57.95 a barrel.
Bond prices also declined.
The stocks are showing Positive sign today and the oil declined again today after reaching a five-year low last week.
“Oil can stabilize,” Dan Veru, chief investment officer at Fort Lee, New Jersey-based Palisade Capital Management, said by phone. The firm oversees $5 billion in assets. “It’s not so much that it’s low, but the velocity of the change has been so rapid that it just scares the pants off of people.”
U.S. stocks on Friday Fell as well as Oil prices plunged in the last trading session.
“In a nation like the U.S. (as well as) Europe and most of Asia, the benefits of falling oil outweighs the costs,” said Jeff Kleintop, Schwab’s chief global investment strategist. “The concern is that there’s something more to it, given such a sharp decline, that there’s something deeper here.”
whereas, following are the losers according to Google Finance Trends:
CGG SA (ADR)(NYSE:CGG), Mobile TeleSystems OJSC (ADR)(NYSE:MBT), Enerplus Corp (USA)(NYSE:ERF), LinnCo LLC(NASDAQ:LNCO) and American Realty Capital Properties Inc(NASDAQ:ARCP)
The sector summary shows that Energy, Industrial, Cyclical Cons. Goods, Non Cyclical Cons. Goods and Technology Sectors are showing positive change but Basic Materials, Financials, Healthcare, Telecommunications and Utilities Sectors are declining today.
source: http://www.streetregister.com/stocks-sank-today-because-of-oil-prices-and-the-volume-gainers-are-arcp-bac-pbr-tlm-ge-aapl-f-spy-rvbd/256136/
0 comments:
Post a Comment