Last week began with both domestic and global markets hitting the skids amid concerns over China’s stock market plunge, North Korea’s apparent nuclear testing, and falling oil prices.
As the year came to a close, the final week of 2015 saw each of the indexes listed here finish in negative territory compared to the prior week.
U.S. stocks posted their biggest weekly gains in several weeks. The close of Christmas week saw major indexes record positive gains.
Not entirely unexpected, the Federal Open Market Committee announced the first interest-rate increase since 2006.
Investors appeared to be in a selling mood last week as each of the indexes listed here fell. Plunging oil prices and the expectation of a possible interest rate hike were key factors.
The first week of December proved quite volatile, with some of the major indexes listed here rallying on Friday to close ahead of the week before.
Most major benchmark indexes remained relatively stable for the holiday-shortened week with slow trading.
Despite the terrorist attacks in Paris and Mali, stocks climbed higher by the close of last week.
Stocks fell sharply this week, possibly in anticipation of the Federal Reserve’s impending interest rate hike, maybe as soon as next month.
Following a very favorable jobs report at the end of last week, the domestic indexes listed here posted overall gains as of last Friday’s close.