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Dec 30 2015

Wall St falls after bearish IMF comments

Market Recap 12/29/15:
 
U.S. stocks rallied on Tuesday, with strength in large-cap technology names leading the way higher. Apple (AAPL) shares jumped, with the tech titan rebounding after a recent period of weakness, while Amazon (AMZN) surged after reporting strong membership growth for its Prime service, a sign of strong demand in the holiday season. The day’s trading was light, which could have contributed to the size of the day’s move, which returned the S&P 500 to positive territory for the year. With two trading days left in the year, the Nasdaq is up solidly for 2015 while the Dow is down less than 1 percent.
 
Looking ahead:
 
U.S. stock index futures fell on Wednesday, following bearish comments from the International Monetary Fund that added to investor caution. Writing in the German newspaper Handelsblatt, Christine Lagarde, the head of the IMF, said that growth in 2016 would be disappointing, due to rising U.S. interest rates and a slowdown in China. Don’t miss our president, Oliver Pursche, who will be appearing on CNBC on Thursday at 3:45 p.m. Also don’t miss this week’s Money Matters with Gary Goldberg, which will air Sunday at 11 on WOR710. Visit our website www.ggfs.com for more details.