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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET U.S. Stocks Are Little Changed After Two-Day Rally Following Fed The S&P 500 surged 4.5 percent in the last two days, erasing four-fifths of the seven-day decline that began Dec. 5. The ruble strengthened 4 percent to 59.14 a dollar, paring a weekly decline. The currency rebounded from its record low of […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET S&P 500 Gains for Second Day amid Global Rally After Fed U.S. stocks rose, after the biggest jump in a year for the Standard & Poor’s 500 Index, as energy shares extended gains and global equities rallied on the Federal Reserve’s pledge to be patient on the timing of rate increases. The […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET U.S. Stocks Rise at the Open as Energy Rebounds Before Fed Decision The S&P 500 has dropped 5 percent from a record on Dec. 5, as a slide in crude prices and signs of a worldwide economic slowdown rippled through financial markets. Crude oil has slumped to a five-year low as the […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET Wall Street opens lower on oil, ruble drop Treasuries rallied with the yen as a rout in oil worsened and the ruble weakened to a record low. Slumping crude oil prices damped inflation and growing financial turmoil in Russia fueled haven demand. The Fed meets today and tomorrow to review the timeframe […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET U.S. Stocks Fall as Oil Selloff Overshadows Deals, Data U.S. stocks fell, after the worst week in more than two years for the Standard & Poor’s 500 Index. The continuing selloff in oil prices overshadowed a surge in industrial production and corporate deals. Equities rose earlier as a report showed industrial production […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET Wall Street opens lower on oil drop, China data More than $1 trillion was erased from the value of global equities this week as oil prices tumbled, raising concern over the strength of the global economy. The International Energy Agency cut its forecast for global oil demand for the fourth time in […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET U.S. Stocks Rebound at the Open With Dollar on Retail Data; Gold Fall U.S. stocks rose on Thursday, bouncing sharply from a three-day drop as data pointed to a strengthening economy that appeared likely to weather the impact of a steep drop in oil prices. The S&P 500 slid the most in […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET U.S. Stocks Fall at the Open as Energy Shares Renew Selloff on OPEC OPEC cut the forecast for how much crude oil it will need to provide in 2015 to the lowest in 12 years. ConocoPhillips, Exxon Mobil and Chevron lost more than 2.2 percent to lead declines among oil companies. Yum! […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET U.S. Stocks Fall at the Open amid Global Selloff on China, Greece Global shares slid after China tightened lending rules and concern grew that early Greek elections could trigger political turmoil. Greek stocks and bonds slumped after Prime Minister Antonis Samaras opted to bring forward the process of choosing a new head […]

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Pence Wealth Management Financial Markets Reports

US FINANCIAL MARKET U.S. Stocks Fluctuate at the Open as Health-Care Rally Offsets Crude The S&P 500 capped its longest weekly winning streak in a year last week, closing at a record as better-than-estimated payrolls data increased optimism in the economy. The gauge trades at 18.4 times current earnings, its highest valuation since 2009. Soft […]

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