January 2016 will be a month that most investors will want to forget. So far this year The Dow is down -8.25%; the NASDAQ is off -10.36% and the S&P 500 has dropped -8% in just the first three trading weeks of 2016. Today’s figures did not improve on the year-to-date numbers, and again it was the volatile price of oil that had markets losing money. Oil settled down 5.75%, or $1.85, at $30.34 a barrel, reversing much of Friday’s a 9% price hike.
This week all eyes will once again be on the Federal Reserve & their meeting Tuesday and Wednesday, as well as the Bank of Japan‘s meeting.
Mark Luschini, chief investment strategist at Janney Montgomery Scott underscored the importance of the upcoming Fed meeting:
“While we have economic news, all eyes are going to be on the Fed and do they offer any (interpretation) on recent events.”
Meantime, Vanguard CEO Bill McNabb told CNBC today that investors can expect a lower return from stocks over the next ten years. Watch below.
Here are the final numbers from Monday, 1/25/16 on Wall Street.
Dow Jones Industrial Average: 15,885.22 (-208.29/ -1.29%)
NASDAQ: 4,518.49 (-72.69/ -1.58%)
S&P 500: 1,877.07 (-29.83 / -1.56%)
