| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
04May2016 Market Update: DOW Remains Down Triple Digits, Larger EIA Oil Inventories Snap Crude Prices, Short-Term Indicators Remain Bearish As Markets Continue To Show Weakness
Wednesday, May 4, 2016 11:09
% of readers think this story is Fact. Add your two cents.
Written by Gary
US markets opened down about three quarters of a percentage point and have traded sideways during the late morning hours on decreasing volume. The DOW is down triple digits and further losses are expected. The Institute for Supply Management’s gauge increased to 55.7 topping the expectation of 54.7 and the March Trade Deficit narrowed to $40.44 billion. EIA report shows larger-than-expected build of 2.8 million barrels.
Source: http://econintersect.com/pages/market/market.php?post=201605041245
