Market Watch: What Will Drive Stocks This Week?

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U.S. stock prices were mixed on Monday, as investors searched for direction following another week of volatility.

Oil prices, currency values, and the latest Federal Reserve policy statement all played a role in leading the market to a week of 100+ point swings every day.

This week, data moves back into the spotlight, starting with reports today that home sales were up 1.2%. Durable goods data will be released Wednesday, while the 4th-quarter GDP figure from 2014 will be released on Friday.

The Euro was up (1.4%) against the dollar early on Monday, while oil futures were up 88 cents to close at $47.45 a barrel. Prices originally slipped after a statement from Saudi Arabia indicating they would not be cutting back on supply.

As of 3 p.m., here are Monday’s numbers on Wall Street:

Dow Jones Industrial Average: 18,179.36 (+51.71)

NASDAQ: 5,025.11 (-1.31) 

S&P 500: 2,110.92 (+2.82)

Phil Cannella
Partnered with CBS Radio Network, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella

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