Market Watch: What Will Drive Stocks This Week?

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
- 2 days ago
Phil Cannella

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