Market Watch: Stocks Snap Losing Streak & Make Gains

Stock and oil prices rebounded in volatile trading on Tuesday, leading to gains in all of the indices. OPEC and Russian oil industry officials continued discussing a possible partnership to reduce the world’s oil glut. Meanwhile the U.S. central bank is expected to leave interest rates unchanged after its two-day policy meeting that began today and hinted it may not raise rates until mid-2016 at the earliest.
Oil gained $1.30 a barrel, or 4.26 percent, to close at $31.45.

Tim Ghriskey, chief investment officer of Solaris Group told Reuters:

“This is a schizophrenic market. Big up days, big down days. No real direction.”

Here are the final numbers from Tuesday, 1/26/16 on Wall Street.

Dow Jones Industrial Average: 15,885.22  (+282.00/ +1.78%)

NASDAQ: 4,518.49  (+49.18/ +1.09%)

S&P 500: 1,877.07  (+26.55 / +1.41%)

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
- 2 days ago
Phil Cannella
Phil Cannella

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