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17Aug2021 Market Close: Wall Street Ends Session After Rising From Intraday Lows Cutting Losses By Half, DOW Closes Down 282 Points, Nasdaq Down 0.9%, Bitcoin Falls Further To 44800

17Aug2021 Market Close: Wall Street Ends Session After Rising From Intraday Lows Cutting Losses By Half, DOW Closes Down 282 Points, Nasdaq Down 0.9%, Bitcoin Falls Further To 44800
econintersect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econintersect.com Daily Mail and Mail on Sunday newspapers.

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03May2021 Market Close: Crypto And Gold Jump As Dollar Dumps, Stocks and Bonds Rise, DOW Closes Up +238 Points, Nasdaq Down 0.5%, US Dollar 90.96, Gold 1792, Bitcoin 57400


Florida Gov. DeSantis suspends all remaining Covid restrictions (SPY +0.2%). Verizon sold AOL and Yahoo for $5 billion.
The Market in Perspective
Here are the headlines moving the markets.
Could Oil Prices Hit $80 Per Barrel?
Despite the significant rally in oil over the past couple of weeks, demand uncertainty continues to affect prices.The outbreak of the second wave of a new Covid-19 strain in India has particularly left the markets concerned about fuel demand in the worlds 3rd largest oil consumer.According to Indian state-owned refiner, Bharat Petroleum, overall fuel demand in India is now estimated to have dropped by about 7% from pre-covid levels in April 2019. Furthermore, refineries have postponed maintenance plans, which has disrupted refinery ....

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