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Main » 2016 » January » 15 » The best day of December: Dow Jones rose 228 points
The best day of December: Dow Jones rose 228 points

After the worst start of the new year, having gone through a correction, the stock markets finally showing signs of life.



On Thursday, the Dow Jones index rose by 228 points - the highest increase since the beginning of December. The S & P 500 added 1.7%, while the Nasdaq Composite rose by 2%.

Rising stock markets was mainly caused by a lull in the financial markets in China, a small increase in oil prices and expectations that the Federal Reserve for some time delay raising interest rates this year.

Despite a lucrative Thursday, stocks remain in the red: from the beginning of 2016 the Dow Jones and the S & P 500 fell by nearly 6%, Nasdaq lost 8% of its value.

Stocks on Wall Street rose after the price of oil has jumped by more than 2%, trading near the mark at $ 31.20 per barrel. The collapse of energy prices to 12-year lows spooked investors.

On Thursday, the shares of the energy sector the S & P 500's worst performer in 2014, rose by 4%. The value of shares of oil companies such as Transocean and ConocoPhillips jumped 6%.

Wall Street also brightened after the statements of senior officials of the US Federal Reserve, according to which the central bank is taking its next decision to raise rates will take into account the volatility of the world markets.

Boston Fed President Eric Rosengren and president of the Federal Reserve Bank of St. Louis James Bullard said that the rise in interest rates may be delayed because of a slowing economy and a further decline in oil prices.


A source



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