Market Week: August 15, 2016

The Markets (as of market close August 12, 2016)

Talk of a possible cut in oil production following news of an informal meeting of OPEC next month sent energy stocks higher at the beginning of last week. The spike in both energy stocks and market indexes didn’t last long, however, as oil prices slumped by midweek, taking equities with them. Nevertheless, by last week’s end, stocks rallied to close at just about where they started. In fact, by last Thursday, the Dow, S&P 500, and Nasdaq had surged to all-time highs–the first time all three major indexes had done that on the same day since 1999.

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Market Week: August 22, 2016

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