Market news
16.12.2010, 18:17

Dow +34.17 at 11491.64, Nasdaq +17.22 at 2634.44, S&P +5.63 at 1240.86

The equity market has seen a substantial turnaround this morning, with the Dow approximately 70 points off of its session lows. The market gave up an early bid in the first half hour of the session, sinking to lows right in front of the Philly Fed reading at 10:00 ET. The S&P held technical support around the 1232/1233 level, and the Philly Fed came in much better than expected, helping the market to reverse off those lows. Then after some consolidation, stocks surged higher as the dollar fell back to the flat line. The latest bid in stocks also follows the Fed's latest Permanent Open Market Operation, through which it purchased $6.78 bln of 2013/2014 maturities (dealers looked to sell $22.08 bln).
Tomorrow is the quadruple witching December options expiration -- the last of the year -- which could be having an impact as traders hedge expiring positions.

© 2000-2023. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Japan and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at

Live Chat E-mail
Choose your language / location