FX WES
Thursday, 24 December 2015
Mixed trading on Wall Street today
Trading on US exchanges today showed mixed results after continuing recovery of oil prices considering that the past three days the US indices recorded gains.
Stocks close at 1 p.m. ET on Thursday and are closed for the Christmas holiday on Friday. Other markets including energy and bonds will also close early, shutting at 1:30 p.m. ET and 2 p.m., ET, respectively.
Treasury yields held little changed, with the 2-year yield at 0.99 percent and the
10-year yield
near 2.26 percent.
The U.S. dollar index was about 0.3 percent lower against major world currencies, with the euro near $1.095 and the yen at 120.42 yen against the greenback as of 8:35 a.m., ET.
Oil will be in focus, after a bounce in crude prices helped propel U.S. stocks to closer sharply higher on Wednesday, with the Dow Jones ending up triple digits. Natural gas inventories are due later in the morning.
U.S. crude prices rose for a fourth straight session on Thursday, headed for a 9 percent weekly gain in the lead-up to Christmas, as the market tightened on the back of falling supplies and exports.
Front-month West Texas Interemediate
(WTI) crude futures trading at around $37.70 per barrel early on Thursday, set for the biggest weekly gain since early October. Internationally traded Brent
futures trading at around $37.60 a barrel, as U.S. crude defended the small premium it regained this week for the first time in around a year.
Despite wild volatility this year, the U.S. benchmark S&P
is barely positive for the year and it's uncertain whether stocks will finish 2015 in the green.
As of Wednesday's close, the S&P 500 is up 0.26 percent for the year so far, while the
Nasdaq composite
has posted a year-to-date gain of 6.5 percent. The
Dow Jones industrial average
remains more than 1 percent lower for 2015.
After Thursday's half-daysession, there will be just five more trading days left this year and accordingto analysts, stocks are typically higher on those five days, as well as duringthe first two of January.
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