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Decided not to raise Interest Rates. In part because of a slowdown in china and heightened volatility around the world. The Dow Jones Industrial average fell 290 points to 16,384. The nasdaq dropped 66. The s p 500 sank 32. For the week the dow and the s p closed lower. The nasdaq was higher, posting its first backtoback weekly gains since may. But there was Something Else that the Federal Reserve said yesterday that could be cause for concern over the longer term. Steve liesman explains. Reporter when it comes to the economy over the next several years, what you see is what you get as far as the Federal Reserve is concerned. The unemployment rate, its 5. 1 now in the feds latest forecast is that it wil ....
Decided not to raise Interest Rates. In part because of a slowdown in china and heightened volatility around the world. The Dow Jones Industrial average fell 290 points to 16,384. The nasdaq dropped 66. The s p 500 sank 32. For the week the dow and the s p closed lower. The nasdaq was higher, posting its first backtoback weekly gains since may. But there was Something Else that the Federal Reserve said yesterday that could be cause for concern over the longer term. Steve liesman explains. Reporter when it comes to the economy over the next several years, what you see is what you get as far as the Federal Reserve is concerned. The unemployment rate, its 5. 1 now in the feds latest forecast is that it wil ....
Decided not to raise Interest Rates. In part because of a slowdown in china and heightened volatility around the world. The Dow Jones Industrial average fell 290 points to 16,384. The nasdaq dropped 66. The s p 500 sank 32. For the week the dow and the s p closed lower. The nasdaq was higher, posting its first backtoback weekly gains since may. But there was Something Else that the Federal Reserve said yesterday that could be cause for concern over the longer term. Steve liesman explains. Reporter when it comes to the economy over the next several years, what you see is what you get as far as the Federal Reserve is concerned. The unemployment rate, its 5. 1 now in the feds latest forecast is that it wil ....
Whats even more peculiar, Energy Shares were among todays tom performers even as one of the biggest names in the sector said it will slash its capital spending. More on that in just a moment. By the close today the dow industrials rose 82 points to 17,574. Nasdaq gained 22. And the s p 500 added 4. As for domestic crude, it fell another 1 to close at 36. 76 a barrel. A report from opec pressured prices. The cartel says it pumped more oil in november than during any month in the past three years. Those low oil prices prompting Conoco Phillips to cut spending on projects next year by 25 . It also follows similar moves by other oil companies. Response in the stock price was positive with shares rising about 1 1 2 . Morgen brennan has more on the latest Energy Company torg feel the heat from the slide in crude. The u. S. Oil ....