Thursday 31 March 2016

Feeble finish to a tempestuous quarter on Wall Street

Epic Research Update : US MarketsUS Market Updates by Epic Research

Feeble finish to a tempestuous quarter on Wall Street Wall Street ended the first quarter with a whimper on Thursday after a seven-week rally that rescued the S&P 500 from its worst start to a year since 2009. Angst about a troubled global economy drove a steep selloff in stocks in January, before a rebound in oil prices cleared the way for the S&P’s 13-percent recovery since mid-February that has left the index up 0.8 percent for 2016.

The Dow Jones industrial average ended 0.18 percent lower at 17,685.09 points and the S&P 500 lost 0.2 percent to 2,059.74. The Nasdaq Composite edged up 0.01 percent to 4,869.85.

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