looking-ahead

The Week Ahead: August 24, 2015

August 24th, 2015 by

looking-ahead

  • Global markets sink into the red 5%+ across the board by on what was quickly dubbed “Black Monday” in the media and on Twitter.
  • The Dow Jones Industrial Average plummets more than 1,000 points at Monday’s opening bell before recovering some of its losses.
  • Crude oil loses over 5% Monday morning as the markets wonder how far it will fall. WTI crude crossed under $40 per barrel for the first time in 6 years.
  • The Shanghai Composite loses 8.5% overnight in the worst-ever day for the benchmark mainland exchange.
  • A September rate hike from the Federal Reserve, once a foregone conclusion for analysts, are now in doubt after the worldwide stock correction. Investors will watch whether or not stock indices bounce back after last week’s steep losses.
  • Shares of AGL Resources Inc. surge more than 26% after the company is acquired by utilities firm Southern Co. for $8 billion in cash.