28 Nov 2014
US stocks continue to outperform in month end
FXStreet (Guatemala) - Despite the Oil losses, the US market performed rather well of yesterday and half a day today albeit the S7P 500 slightly down on the day with a 2.5% gain on November.
The losses were across the S&P 500 Index energy producers with Exxon Mobil corp. and Chevron corp., losing more than 4.2%. However, support comes in as the beneficiaries and big consumers such as AA Group Inc and Delta Air Lines Inc rose.
The Dow Jones Industrial Average was up by almost a point to 17,828.24 while the Nasdaq 100 Index jumped up by 0.5%. The stock markets in the US have been improving on the back of better risk sentiment and this may continue in the face of lower oil prices and reinvesting out of oil related business, with the dollar soaring on the back of such activity already.
The losses were across the S&P 500 Index energy producers with Exxon Mobil corp. and Chevron corp., losing more than 4.2%. However, support comes in as the beneficiaries and big consumers such as AA Group Inc and Delta Air Lines Inc rose.
The Dow Jones Industrial Average was up by almost a point to 17,828.24 while the Nasdaq 100 Index jumped up by 0.5%. The stock markets in the US have been improving on the back of better risk sentiment and this may continue in the face of lower oil prices and reinvesting out of oil related business, with the dollar soaring on the back of such activity already.