while unsightly, but the US stock exchanges eventually took back some of the lost on Thursday.
The Dow Jones fell 1.6 percent (just over 254 points) to 15,660.18, after been down more than 400 points at its weakest. The broader S & amp; P 500 Index returned 1.2 percent to 1,829.08, while the Nasdaq ended at minus 0.4 percent to 4266.84.
“Fear Index” VIX (CBOE) was traded close 28.5, after having peaked at their highest since January 20.
Five stocks fell for every stock that rose on the NYSE, where 1.357 million shares were traded for 5.475 million dollars.
the US ’10-year-old “was shopped around 1.64 percent, while the dollar weakened 0.4 percent against a basket of currencies. The dollar has depreciated by around three percent since January.
Gold for April delivery jumped up over $ 53 to $ 1,247.80 per ounce.
Recoil on OPEC chat
WTI oil continued volatility and ended down 4.5 percent to $ 26.21 a barrel, and fell to $ 26.05 on the lowest of the current (annual) trade.
lower levels have not been seen since 2003.
after trading picked anyway oil prices (and exchanges) intervene after the Dow Jones cited an interview with UAE Energy Minister on Sky News Arabia.
Suhail bin Mohammed al-Mazrouei believes OPEC members will be ready for cooperation on a production cut, and noted that low oil prices have already forced producers outside OPEC to reduce output.
– We have heard this talk enough times in the past month, so take it with a grain of salt. When this talk occurs, we have anyway reached an extreme pain threshold, writes chief analyst Peter Boockvar The Lindsey Group according to CNBC in a note.
WTI oil traded as of this writing for $ 27.18 a barrel.
– Always some chance of recession
Federal Reserve chief Janet Yellen had his second day in front of the House Financial Services Committee in Congress.
yesterday she expressed continued expectations gradual rate hikes, but made it clear that persistent market turmoil may make the central bank to step away from the many interest rate hikes the Fed has previously signaled for this year.
Yellen held the door open for a rate hike in March but showed not explicitly to a timetable or the Federal Reserve’s next monetary policy meeting.
– Monetary policy is of course by no means carved in stone, she said according to Bloomberg.
today said Yellen that “in any year is always some chance of a recession. “
– But history shows that economic growth does not die of old age, she continued according to CNBC.
On the macro front Thursday was enough US central Bank Governor encouraged by the number of first time applicants for unemployment benefits in the US (jobless claims) fell much more than expected in the past week.
leaden financial stocks
Among individual stocks was Boeing and Goldman Sachs today weakest Dow- components, with declines respectively. 6.8 percent to $ 108.44 and 4.4 percent to $ 140.69.
Cisco Systems was the biggest bright spot, and slammed up 9.7 percent to $ 24.68 after adding forward good quarterly after the close yesterday.
Nine out of 10 S & amp; P 500 indices fell, with finance as the heaviest sector. Income Depending consumption was the only sub-index that rose.
The heavy oil stocks rebounded towards the end of the trade, and Exxon Mobil rose 0.3 percent to $ 79.60. Chevron fell 0.1 percent to $ 82.99.
Otherwise financial narrowly Citigroup down 6.5 percent to $ 34.98, Bank of America 6.8 percent to $ 11.19, while JP Morgan fell 4.4 percent to $ 53.07.
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