Hello MarketClub members everywhere. The stock market is mixed today as traders continue to watch and listen to developments regarding the House's health care proposal and falling oil prices.
The markets suffered their worst day of the year on Tuesday with the DOW falling 237 points, this was largely due to fears that a prolonged battle in Congress to repeal and replace Obamacare could delay tax reform, deregulation and government spending.
U.S. crude oil futures have fallen 1.2% to a new 3 month low of $47.01 per barrel after the American Petroleum Institute said Tuesday afternoon that U.S. inventories increased by 4.5 million barrels.
Key levels to watch this week:
S&P 500 (CME:SP500): 2,400.98
Dow (INDEX:DJI): 21,169.11
NASDAQ (NASDAQ:COMP): 5,912.61
Gold (FOREX:XAUUSDO): 1,263.58
Crude Oil (NYMEX:CL.K17.E): 49.48
U.S. Dollar (NYBOT:DX.M17.E): 99.14