Market Has Worst Week Since August
Double Dividend Stocks | Dec 13, 2015 12:16AM ET
Markets: The market had its worst week since August, as falling crude oil prices added to investors’ uneasiness about next week’s Fed meeting, which is widely expected to result in the 1st rate hike by the Fed in almost 10 years.
The Russell 2000 small caps had their worst week since May 2012, falling almost 5%.
Dividend Stocks Update: These high dividend stocks go ex-dividend this coming week:
N:ARR, N:NMFC, O:TICC, O:HCAP, N:RWT, OFT, O:TCPC, O:GLAD, O:GAIN, O:GOOD, O:HRZN, O:WHF, N:FSIC, N:LVS.
Volatility: The VIX rose 65% this week, finishing at $24.39, its highest close since Sept. 30.
Currency: The US dollar fell this week vs. most major currencies, except the Aussie dollar and the loonie.
Market Breadth: NONE of the Dow 30 stocks rose this week, vs. 21 last week. 8% of the S&P 500 rose this week, vs. 49% last week.
US Economic News: Initial Claims were higher than expected…Core Retail Sales surprised to the upside.
Week Ahead Highlights: All eyes will be on the Fed, as it convenes its meeting on rates on Tues- Wed. The Fed is expected to announce its 1st rate hike in nearly a decade. If the Fed statement appears hawkish, implying multiple rate hikes in the near future, markets may see more volatility.
Get The News You Want
Next Week’s US Economic Reports:
Sectors and Futures:
Utilities fell the least this week, as Energy trailed, in the wake of more declines in crude oil.
OJ led this week, with Heating Oil trailing:
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.