Market to Market

Economic Outlook: December 28, 2018

Dec 27, 2018  | Ep4419

To call the week on Wall Street a rollercoaster ride would be selling the story short. 

The worst Christmas Eve on the stock exchange was followed by the best one-day Dow Jones performance. The market pinballed nearly 900 points Thursday, the biggest inter-day swing since 2011.

November‘s New Home Sales report was caught up in the on-going government shutdown and wasn’t released as scheduled.

Portions of the Department of Agriculture also are under shutdown, but M-F-P payments are still being distributed, at least through Friday.

Another brutal week for crude oil as projections of continued high supplies pushed the commodity to its lowest level in almost 18 months.

AAA says the average price per gallon of gasoline is $2.30. But in nine states, the cost went below $2.00

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