Market Recap: Big Week Ahead On Wall Street

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U.S. stocks moved higher on Monday, as investors looked towards a week that could determine the course of the markets for much of 2015.

Last week, the market fluctuated up and down with moves of 100+ points on four out of five days. Investors were spooked by a strong dollar, as well as oil prices, which now stand below $44 a barrel for U.S. crude (lowest level in six years) and $54 a barrel for Brent crude.

Many expect that this week’s Federal Reserve policy statement will drop the word ‘patient’ from its typical vernacular, signaling an impending interest rate increase as soon as June. For months now, experts have warned of an interest rate hike being the force that could stop this bull market in its tracks.

On Monday, investors turned an eye to perceived weakness in the dollar (which moved down slightly against the Euro) as everyone gears up for the mid-week Fed statement.

Here are the final numbers from Wall Street on Monday:

Dow Jones Industrial Average: 17,977.42 (+228.11)

NASDAQ: 4,929.51 (+57.75) 

S&P 500: 2,081.19 (+27.79) 

Phil Cannella

Phil Cannella

As a partner with CBS Radio in Philadelphia, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella

@phillipcannella

Phil Cannella a revolutionary thinker. Phil Cannella's cause is the Phil Cannella Crash Proof Retirement system. Phil Cannella has worked for decades.
Get the truth on how Wall Sts stacked against you, on The @CrashProofShow Sat at 10 AM on @1290wjno in FL, and 11 AM on @TalkRadio1210 in PA - 1 year ago
Phil Cannella
Phil Cannella

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