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Jan 26 2016

Wall St flat as investors await key earnings

Market Recap 1/25/16:

U.S. stocks fell sharply on Monday, continuing the market’s recent streak of volatility. The recent whipsawing has many investors concerned, and if that includes you, we encourage you to listen to our weekly radio program, Money Matters with Gary Goldberg – click here for stations and show times. And if you have accounts that aren’t being managed by Gary Goldberg Financial Services ask for a no-cost, no-obligation portfolio evaluation to review the levels of risks you are exposed to.

On Monday, as has been a trend throughout January, losses were driven by weakness in crude oil prices. The commodity fell on reports that Iraq’s output had reached a record in December, adding to the oversupply concerns that have contributed to oil dropping to multi-year lows of late. The drop in oil led to energy shares falling, which in turn pressured the broader market. Investors are worried that persistently weak crude prices could signal a broader economic slowdown.

Looking ahead:

U.S. stock index futures were little changed on Tuesday, as markets took a pause following a recent bout of volatility to both the upside and the downside. While shares in China took another sharp leg lower, reinforcing the idea that weakness in the world’s second-largest economy is not yet finished, crude oil prices seem to have found their bottom. If the commodity proves to have stabilized, it would remove a major uncertainty from the market. The day’s market action will likely be dictated by corporate earnings, with Johnson & Johnson (JNJ), Procter & Gamble (PG) and 3M (MMM) all scheduled to report before the market opens. Perhaps the most highly anticipated company of all, Apple (AAPL), is reporting after the market closes. Investors are also looking ahead to a meeting of Federal Reserve policymakers, who are meeting on Tuesday and Wednesday. The meeting will mark the first time the FOMC has met since raising interest rates in December. Don’t miss this week’s Money Matters with Gary Goldberg; for stations and air times, please click here. Visit our website at www.ggfs.com for more details, including for a free, no-obligation portfolio evaluation.