Thursday, January 28, 2016

Wall Street is back to "Let's Pretend" with a market that trending down.

The let's make a wish club.

January 28, 2016
By Anthony Mirhaydari

...Amid (click here) a flurry of fourth-quarter earnings activity, U.S. equities pushed higher on Thursday on crossing headlines that maybe, just maybe, OPEC and Russia could warm up to the idea of cutting production to stabilize prices.

In the end, the Dow Jones Industrial Average gained 0.8%, the S&P 500 went up 0.6%, the Nasdaq Composite finished 0.9% higher and the Russell 2000 ended the day with a 0.1% gain. Overall, treasury bonds strengthened, the dollar weakened, gold ended slightly lower and oil gained 4.2% to close at $33.64 a barrel....