Market Watch: Wall St. Snaps 3 Day Losing Streak

For the first time this week, Wall Street finished in the black as the markets broke a three day losing streak.

Adam Sarhan, CEO of Sarhan Capital told CNBC:

“In general, when you step back, we’re still range-bound,” he said. The major averages have closed lower for five out of the last six sessions, and are on track for weekly losses of more than 1 percent.”

Today’s gains on Wall Street came despite another drop in oil prices. The price of a barrel of oil settled down 40 cents, or 1.08 percent, at $36.76 a barrel.  All this as investors await next week’s Fed announcement on interest rates.   CME’s FedWatch says there’s an 85% percent chance of the Federal Reserve raising rates at its meeting next week for the first time in nearly a decade.

See what Art Cashin, Director of Floor Operations at UBS, thinks the stock market will do next year.

Here are the final numbers from Thursday, 12/10/15 on Wall Street:

Dow Jones Industrial Average: 17,574.75 (+22.31/ +0.44%)

NASDAQ: 5,045.17 (+104.74 / +2.08%)

S&P 500: 2,052.23 (+4.61 / +0.23%)

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
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Phil Cannella
Phil Cannella
Phil Cannella

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