After the extended weekend, stocks had a volatile day with the Dow Jones Industrial Average trading up nearly 200 points early in the day. The gains dispersed as the day continued, with the Industrials falling into negative territory, but a late-day rally took the index back into the green.
Oil was dictating the day's moves again, with Light Crude trading down ~3% and remaining under $30 per barrel.
China's Shanghai Composite was up 3.2% during overnight trading, as official figures showed the Chinese economy grew at a 6.8% rate during the fourth quarter, and at a 6.9% rate for all of 2015. This is the slowest annual growth rate in a quarter century, and many still consider the official government figures to be suspect.
Nearly all international markets ended the day higher. In the US, the picture was mixed with the S&P 500 flat, the Industrials up 0.17% and the Transports down 0.48%. The Utilities posted the largest ... Log in or subscribe to continue reading.