US stocks claw there way back

Discussion in 'Market News' started by ForexLive, Feb 3, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    S&P bounces off floor area The S&P moved lower from the get go, but found support at the 1878 area and started to claw it's way back. A lower dollar seems to be helping as well (although it is going higher now - so not sure of the relationship) might help some of the US multinationals who are suffering from the effects of the higher dollar. Also oil prices are making a comeback and everyone knows that the favorite trade these days is if oil prices go higher, that is good for stocks (that is not the historical correlation but it is the recent one).

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