TheStreet.com RealMoney

Global Market Wrap: Commodities Drag on Equities

By Marco Hague

 About this article:
 Equity Futures: Dow -91.00. S&P -10.60. Nasdaq -9.25. Japan Nikkei -40.00. German DAX -10.00. U.S. Trade: The U.S. market was dragged lower by the sell-off in the commodity market on Thursday, continuing the theme started in the European session, which saw strong declines posted by crude oil and metals. Crude oil tumbled 3% on higher U.S. inventories and is currently trading just above the $76.60 support level that has been holding the market for a month and is a huge technical area to hold. During the overnight session, S&P futures stayed in the red for most of the time, and although the declines were relatively small, the indications were for Wall Street to be playing catch-up on momentum at the open. The cash market spiked higher to test the 1100.00 area, but from there, investors started selling the futures index heavily. The spike was caused by the better-than-expected...

You have just read the beginning of a premium article from our RealMoney Service. To read the rest of this article and sign up for a FREE trial please click below.

ACCESS STORY & START A FREE 14-Day Trial
Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET.
Outside the U.S. and in Canada, call 1-212-321-5200.



Already a RealMoney subscriber? LOG IN.
Username: Page data is submitted securely.
Password:
Forgot your Password? Click here


100% Money-Back Guarantee
If you decide to subscribe and you're not completely satisfied with TheStreet.com RealMoney, just call us within the first 30 days of your subscription and we'll refund your full annual subscription price — guaranteed.




If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.

Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.

If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.

TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.

© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.