Thursday, 31 December 2015

Markets fall as oil plunges

Markets fell on Wednesday.

The S&P 500 fell 0.7 percent while the STOXX Europe 600 fell 0.5 percent.

Earlier in Asia, markets had been more positive. The Nikkei 225 and the Shanghai Composite Index both rose 0.3 percent.

Stocks fell later though as oil prices declined. US crude oil prices fell 3.4 percent on Wednesday, helping to push energy stocks in the S&P 500 down 1.5 percent.

According to Guggenheim’s Subash Chandra and Marshall Coltrain, however, these stocks could fare a lot better in 2016.

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