Symbol	Name	Price		Change	%Change
DJIA	Dow Industrials	18281.03		112.58	0.62%
S& P 500	S& P 500 Index	2159.73		9.24	0.43%
NASDAQ	NASDAQ Composite	5316.02		26.36	0.50%

 

 

Stocks close higher as financials, energy jump more than 1%

U.S. stocks closed higher on Wednesday, led by energy and financials, as investors parsed through a slew of economic data while watching surging oil prices.

" We think the market is getting accepting that rates are going to go higher," said Thomas Wilson, senior investment manager at Brinker Capital. " It' s interesting because the market was at a point where good news was seen as bad by the market. Think the market is driving away from that, and that' s good. "

U.S. crude futures settled 2.34 percent higher at $ 49.83 per barrel, its highest level since June., Supported by a bullish inventories data. The Energy Information Administration said Wednesday that U.S. crude inventories decreased by 3 million barrels, marking the fifth straight week of declines.

" Oil' s been on a tear for a while and this consecutive beat in inventories is really fueling those oil and energy names," said Mariann Montagne, senior investment analyst at Gradient Investments. " This is carrying into the [broader stock] market."

Oil prices had risen earlier in the session, after the American Petroleum Institute said on Tuesday afternoon that U.S. oil inventories had decreased by 7.6 million barrels.

" Oil prices were pretty volatile yesterday. Stocks and oil were trading in tandem, but that' s something you do not often see when oil is above $ 40," said Randy Frederick, vice president of trading and derivatives at Charles Schwab. Near $ 50 and that' s good, but we' ve seen it run into technical resistance around these levels.

Gold futures for December delivery settled $ 1.10 lower at $ 1,268.60 per ounce after posting their worst trading day since 2013 on Tuesday.

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Symbol	Name	Price		Change	%Change
DJIA	Dow Industrials	18168.45		-85.40	-0.47%
S& P 500	S& P 500 Index	2150.49		-10.71	-0.50%
NASDAQ	NASDAQ Composite	5289.66		-11.22	-0.21%

 

Stocks close lower as dollar hits near-two-month high gold sheds 3%

U.S. stocks closed lower on Tuesday, pressured by a rising dollar, while investors digested data from the International Monetary Fund and remarks from a Federal Reserve official.

You' ve got two schools of thought here. You have momentum commerce buying dips but you also have the dollar rising and the view that it could keep going weighing on markets, " said Daniel Deming, managing director at KKM Financial.

The dollar index, which measures the U.S. currency' s performance against six others, hit its highest level in almost two months. It was last up 0.49 percent at 96.17.

The Dow Jones industrial average fell as much as 137.59 points before closing about 85 points lower, with 3M contributing the most losses. The S & P 500 fell 0.64 percent, with utilities falling more than 2 percent to lead decliners. The benchmark index fell below 2,150 earlier In the session, a key support level. " If we break that level, then you could see some more downside momentum," said Deming.

Gold futures for December delivery fell more than 3 percent to settle at $ 1,269.70 per ounce, posting its worst trading day since 201

Investors also watched Deutsche' s stock, after it sent markets around the world for a roller-coaster ride last week as worries that it would not be able to pay its massive fine weighed on investor sentiment. On Tuesday, the German banking giant' s US-listed shares Rose more than 2 percent.

German newspaper Frankfurter Allgemeine Zeitung reported over the weekend that Deutsche' s CEO John Cryan would be in Washington DC to negotiate a settlement with the U.S. government over its $ 14 billion fine.

Overseas, European equities rose broadly, as the British FTSE 100 advanced 1.3 percent, while the British pound hit its lowest level in more than 30 years. Earlier on Tuesday, The IMF said uncertainty stemming from the so-called Brexit will dampen investor confidence. It sees the UK expanding at only 1.8 percent this year, and sees a deepening slowdown to 1.1 percent next year. The UK grew at a 2.2 percent pace last year.

US crude futures settled 0.25 percent higher, or 12 cents, at $ 48.69 per barrel.

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Symbol	Name	Price		Change	%Change	Volume
FTSE	FTSE	7069.86		86.34	1.24%	146572682
DAX	DAX	10587.27		76.25	0.73%	34454129
CAC	CAC	4493.95		40.39	0.91%	17725642
IBEX 35	IBEX 35 Idx	8792.00		40.40	0.46%	34390976

Asian Indexes

	Index	Country	Change	% Change	Level	Last Update
	Australia ASX All Ordinaries	Australia	+5.10	+0.09%	5,569.90	1:10am ET
	Shanghai SE Composite Index	China	+6.22	+0.21%	3,004.70	Sep 30
	Hang Seng	Hong Kong	+105.01	+0.45%	23,689.44	4:09am ET
	Mumbai Sensex	India	+78.75	+0.28%	28,322.04	4:28am ET
	Nikkei 225	Japan	+136.98	+0.83%	16,735.65	2:15am ET
	Taiwan TSEC 50 Index	Taiwan	+52.51	+0.57%	9,287.77	1:33am ET

 

Symbol	Name	Price		Change	%Change	Volume
FTSE	FTSE	7049.11		65.59	0.94%	51506543
DAX	DAX	10568.45		57.43	0.55%	14647770
CAC	CAC	4485.13		31.57	0.71%	6835608
IBEX 35	IBEX 35 Idx	8800.90		49.30	0.56%	14962900

 

Symbol	Name	Price		Change	%Change
DJIA	Dow Industrials	18253.85		-54.30	-0.30%
S& P 500	S& P 500 Index	2161.20		-7.07	-0.33%
NASDAQ	NASDAQ Composite	5300.87		-11.13	-0.21%