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Monthly Archive: February 2016

Feb 29 2016

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 2016

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 2016

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 2016

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 2016

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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