Market Watch: Stocks Volatile after Drop in Oil Prices

The first trading day of the week was a downer for investors as the volatile price of oil continued to exert its influence on the markets. U.S. crude oil settled at $35.70 a barrel, down $1.09 or 2.96 percent, ending at its lowest level since March 4th. What’s causing fluctuating oil prices? Watch below.

Meantime, the first quarter of 2016 proved to be another tough one for stock pickers.

“Fewer than 1 in 5 large-cap funds beat the S&P 500, the lowest level since at least 1998. For growth-focused funds, the news was even worse: Just a 6 percent beat rate at a time when the S&P benchmark has gained just over 1 percent year to date.”

Read more from CNBC’s Jeff Cox here.

Some analysts say that after a pretty good month or so it may be time to get out of commodities. Watch below.

Here are the final numbers from M0nday, 4/4/16 on Wall Street:

Dow Jones Industrial Average: 17,737.00  (-55.75/ -.31 %)

NASDAQ: 4.891.79  (-22.75/ -0.46 %)

S&P 500: 2,066.13 (-6.65/ -0.32 %)

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
- 4 days ago
Phil Cannella
Phil Cannella

Leave a Reply

Your email address will not be published. Required fields are marked *