Wall Street close: a strong performing month

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 31, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    At the end of the quarter and ahead of earning seasons next week, U.S. stocks performed one of their best-performing months since last October as market sentiment stabilized on the back of a more dovish Yellen.

    For the quarter, the Dow advanced 1.5% while the Nasdaq dropped 2.8% and the S&P 500 added 0.7%. However, we have had a bit of a wobble on the last day of the month with the main benchmarks finishing on Wall Street today marginally lower.

    Having rallied 6.6% in March, the S&P 500 fell 4 points today, or 0.2%, to close at 2,059 for the session. The Dow Jones Industrial Average lost 31 points, or 0.2%, to finish at 17,684 for the day and but scored a positive 7.1% for the month. The Nasdaq closed up less than a point at 4,869 on Thursday for a monthly rise of 6.8%.


    Oil futures finished fractionally higher at $38.34 a barrel having performed in the green by more than 13% over the month.

    Gold futures were up $7 today, or 0.6%, to finish at $1,235.60. However, what is very impressive is that the yellow metal was able to run up a whopping 16% during the first quarter in 2016, it's best quarterly performance since 1986.

    Meanwhile, the dollar was a mixed bag across the board today ahead of the key nonfarm payrolls tomorrow.

    EUR/USD reaches highest level in 2016 - FXStreet
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