Markets

Late Rebound Pares U.S. Market Losses; Investors Look to Yellen Remarks Tonight to Clarify Fed View of Global Economy

Late buying helped trim deep losses for stocks Thursday, although it was still not enough to keep the U.S. markets from posting their fifth down day in the six sessions since the Federal Reserve last week decided to keep interest rates unchanged near zero. More worries over global growth sent shares sharply lower again heading out of the gate but a moderate rebound for crude oil prices carried energy stocks higher while investor hopes that remarks by Fed Chair Janet Yellen later this afternoon at an academic conference could bring more clarity to her post-FOMC statements from last week.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More