Dow Jones Week Outlook and 3 Month Trends
The Dow Jones shows a weekly drop of 2.33 percent as markets close. Over three months the index is up 0.23 percent, indicating mixed momentum.
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 13, 2015
Page
13
The Dow Jones shows a weekly drop of 2.33 percent as markets close. Over three months the index is up 0.23 percent, indicating mixed momentum.
Oil prices slide with Brent dropping below 45 dollars a barrel as U S stockpiles rise 4.2 million barrels and OPEC notes October output decline but potential surplus remains. Brent settles at 44.06, U S crude at 41.75. Traders eye tanker traffic and possible wave of Iraqi oil shipments to the United States.
Wal-Mart Stores says it significantly boosted holiday inventory across electronics toys and other popular items to attract shoppers this season. The move comes as fiscal third quarter earnings show margin pressure from wages e commerce investment and competition with Amazon and discount rivals.
Applications for unemployment benefits held at 276,000 for the week ended November 7, with economists forecasting 270,000. The four week average rose to 267,750, while October payrolls gained 271,000 and the jobless rate dropped to a seven year low, signaling steady labor demand.
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