The markets had another crazy day. Stocks ultimately closed down, with the Dow off -1.6%, the S&P 500 off -1.2%, and the Nasdaq off -0.4%. But that’s just the final score. Over the course of the day, a bunch of huge economic and business headlines crossed, sending stocks but sharply higher and lower. Here are the day’s top stories: Stocks were sharply lower on Thursday, with the Dow down as many as 408 points around 2:38 p.m. Markets were so chaotic that investors were jumping into three “risk-off” trades: the Japanese yen, US Treasurys, and gold. All three are often bought up aggressively by investors high-stress times as they are considered “safe.” Crude oil also got slammed during the day, with WTI futures in New York touching a 12-year low of $26.14 per barrel. WTI crude oil ultimately closed at $27.20, or off by 0.5%. Major banking stocks including Citigroup and Bank of America were off by about 6%. But then around 2:50 p.m. stocks and oil surged after a WSJ reporter tweeted that, according to the UAE energy minister, OPEC is ready to cooperate on a production cut. This sent stocks and oil soaring, and the Dow regained 80… Read full this story
- Stock Car Insider - June 26th Issue
- Wall Street to Main Street: News, Views and Commentary: May 15, 2006
- Investing in Keystone Colorado Real Estate - No Bubbles in This Market!
- The Seedy Side of Kings Cross, Sydney, Australia
Stocks were all over the place — here are the 9 big headlines you just missed have 237 words, post on www.businessinsider.sg at February 11, 2016. This is cached page on wBird. If you want remove this page, please contact us.