KEEPING SCORE: The Dow Jones industrial average fell 79 points, or 0.5 percent, to 17,524 as of 1:20 p.m. Eastern time.
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Bryant wins one last time in Boston
He reminded them all they needed to do was go home and win two games. “I grew up a really big historian of the game”, Bryant said. Bryant finished with a team-high 20 points in the Lakers 108-98 loss and said that he was moved by the cheers from the crowd.
Driving the Nasdaq into positive territory were a handful of tech darlings, including Netflix (up 173.1 percent), Amazon (up 117.7 percent) and Google (up 44.1 percent).
NHL Winter Classic: 5 storylines from Canadiens-Bruins outdoor game
So far this season, Marchand has been the Bruins leading scorer with 26 points (15 goals and 11 assists in 34 games). Needless to say, Montreal fans have to be pretty happy with how the New Year’s Day event started for their team.
The drop in oil was one reason the Dow industrials DJIA, -0.66% finished down 111.71 points, or 0.7%, to 17,603.87 on Wednesday.
Tom Brady, Julian Edelman have fun with Winter Classic on social media
The game started off fast as David Desharnais got a quick goal past Tuukka Rast off of a face off 1:14 into the first period. Eyewitness News spoke with several fans who said they are rooting for the Bruins during the big game on New Year’s Day.
The S&P’s loss ended three years of double-digit gains for the index, but was far from the almost 40% dive it took in 2008, a year of financial crisis. McDonald’s was down 1.2 per cent at $US118 and weighed on the Dow the most. Ahead of the day’s trade, the Dow was looking at a 1.2% loss for 2015, its biggest one-year percentage decline since 2008, and the end of a six-year winning streak. With dividends included, the index was up slightly for the year.
Oil held higher in intraday trade but remained near seven-year lows. The tech-heavy Nasdaq composite fared better, delivering a gain for the year.
“There are risks out there and the problem is the market isn’t cheap, so it’s going to take bad news hard if we get it”, he said.
Markets are closed tomorrow for the New Year holiday.
Wall Street appeared heading for another year of gains through August when a stretch of turbulence in Chinese equity markets ignited a global sell-off, pushing the S&P 500 below 1,900. The Shanghai Composite climbed 9.8% for the year, making it the best-performing stock market in Asia this year, despite that summer crash. Meanwhile the Chicago Purchasing Manager’s Index, a barometer of business activity, plunged to its lowest level since July 2009 (http://www.marketwatch.com/story/chicago-pmi-plummets-to-429-lowest-since-2009-2015-12-31) at 42.9 in December from 48.7 in November.
The S&P 500 (^GSPC) closed down 19.42 points, or 0.94 percent, to 2,043.94, with information technology leading nine sectors lower and energy the only advancer. On that day, the stake was worth $5.82 billion.
With the Federal Reserve’s first rate hike out of the way and little economic news in the last two holiday-shortened trading weeks, stock market action has been tightly correlated to moves in oil and other commodities.
In Europe, Britain’s FTSE 100 dropped 0.5%, putting it down 4.9% for the year. The dollar fell to 120.25 yen from 120.55 yen, while the euro fell to $1.0859 from $1.0924.
ENERGY: Crude oil and natural gas prices rose, recovering some of their losses from the day before.
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Bond prices rose. The yield on the 10-year Treasury note fell to 2.27%.
