The Presidential Daily Brief

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  1. U.S. Markets Follow Tanking Oil Prices

    Prompted partly by a 4.5-percent drop in oil prices, the Dow industrials took their worst shellacking in two months as nervous investors fled stocks. Wednesday’s 268-point punch came amid more signs of a greater-than-expected oil glut. This morning, crude prices stabilized and European markets seemed less jittery than their Asian counterparts. Meanwhile, some analysts predict stocks will recover by the end of the year, especially if today’s American retail sales data shows the upside of $60-a-barrel oil.

    FTCNBC, WSJ (sub)

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