Financial Review
Ten Years On
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:12:59
- More information
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Synopsis
…Industrial production up. Construction down. Consumer sentiment high. Jobs plentiful. Waiting on the Fed. Bracing for tariffs. Infrastructure hacks. AT&T-Time Warner court date. Wells Fargo, again. Anniversary of Bear Stearns collapse. Financial Review by Sinclair Noe for 03-16-2018 DOW + 72 = 24,946 SPX + 4 = 2752 NAS + 0.25 = 7481 RUT + 9 = 1586 10 Y + .02 = 2.85% OIL + 1.06 = 62.25 GOLD – 2.10 = 1314.60 Stocks moved higher today, and the S&P 500 snapped a 4-day losing streak, but for the week, the major indices posted losses. For the week, the Dow fell 1.57 percent, the S&P lost 1.04 percent, and the Nasdaq dropped 1.27 percent. Today was a quadruple-witching day, which refers to the simultaneous expiration of stock-index futures, stock-index options, single-stock futures and stock options. That led investors to brace for higher volatility, though price action proved relatively subdued. Volume was heavy. Industrial production surged 1.1% in February, the strongest gain since last October. Manufacturin