Stock market today 2016 vs 2016.5

Stock market today 2016 vs 2016.5

Posted: MACTEP Date of post: 05.06.2017

Join the NASDAQ Community today and get free, instant access to portfolios, stock ratings, real-time alerts, and more! Benchmarks closed in the red on Wednesday following continuing decline in energy stocks and mixed economic data. Higher-than-expected rise in crude inventories dragged energy stocks downward. Moreover, disappointing private sector job data also had a negative impact on investor sentiment.

However, services data was encouraging. The Dow Jones Industrial Average DJI decreased 0. The tech-laden Nasdaq Composite Index closed at 4, The fear-gauge CBOE Volatility Index VIX increased 2. A total of around 7.

Decliners outpaced advancing stocks on the NYSE. Energy Information Administration EIA reported yesterday that the U. It was nearly 1 million barrels higher than analysts' expectations. Further, it was more than the increase of 1. Moreover, total motor gasoline inventories rose by 0.

stock market today 2016 vs 2016.5

Rise in crude oil and gasoline inventories had a negative impact on oil prices. Although, WTI crude increased 0. The Energy Select Sector SPDR XLE decreased 1. Key components including, Anadarko Petroleum Corporation APCSchlumberger Ltd SLBEOG Resources EOGPioneer Natural Resources Co.

PXDConocoPhillips COP and Occidental Petroleum Corporation OXY decreased 6. While, Dow components Exxon Mobil Corp XOMand Chevron Corp CVX declined 0.

Also, the Industrial Select Sector SPDR XLI lost 1. Dow components Boeing Company BA General Electric Company GE and 3M Company MMM declined 1. In economic news, a report from Automatic Data Processing, Inc.

ADP revealed that private sector employers addedjobs in April, lower than analysts' expectations ofADP's April estimate was the weakest since February Moreover, job additions for March were revised down by 6, toHowever, the Institute for Supply Management reported that ISM Services Index increased from Additionally, the reading was more than the consensus estimate of Trade deficit fell to lowest settlement in more than a year after imports slumped to its lowest level in last five years.

According to the U.

Department of Commerce, new orders for manufactured goods increased 1. This was above the consensus estimate of 0. This reading follows a decrease of 1. Separately, shares of Under Armour, Inc. Stafford and Thurston were with the company for six and do pharmacists make a lot of money uk years, respectively.

The Priceline Group Inc's PCLN shares also fell stock market today 2016 vs 2016.5.

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Meanwhile, shares of Time Warner Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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