Tuesday, March 15, 2016

Market: Wall Street ended on a very uncertain note. – The Express

Wall Street ends in a very uncertain note after a session characterized by a collapse in volatility, absolute deviations never exceeded 0.6% between the end of the day.

The initial burden is easily explained by the relapse of -3% of WTI to $ 37 ($ 37.3 at the end) but the US indices are freed during the second part of meeting, before succumbing to a small wave of profit taking the final bell shot.

The Dow Jones gleans 0.09% to 17,230, the Nasdaq 0.04% but this is offset by the decline in the S & amp; P -0.13%.

But this negative score is not representative of the general trend since it is the oil that makes the difference and sealed the broad index with higher declines to -6.5% in Southwestern Energy, -5, 8% of Chesapeake, Baker Hughes -4.2%, -2.5% Diamond Offshore, Ensco and Schlumberger -2.1%.

Few dramatic differences among the most volatile stocks with the Nasdaq rising : Tripadvisors + 4.5%, + 2.8% Activision, Cognizant + 2%.

On the downside Alexion -3.4%, -2.2% Seagate, Micron -2.1%, Allergan -2%.

To sum up the atmosphere and explain the slim profile of the session, the wait to 48H dominated the final communiqué of the Fed, which followed a press conference of the President of the Fed Janet Yellen that will certainly questioned about the possible tightening of monetary policy and conditions that may foreshadow a further rise in interest rates.

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