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Global signal: S&P ends flat; rising oil prices put pressure
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Global signal: S&P ends flat; rising oil prices put pressure
Mar 22, 2022 12:54 AM

The S&P was absolutely flat by the time it closed on Monday. The NASDAQ ended down about 0.4 percent or so, oil is once again coming up as the big problem child for the market, it is back at USD 117 per barrel, which is not good news. And this morning it is building on gains at about USD 119 per barrel from the close of USD 116-117 per barrel last night.

Also Read:

Trade setup for March 22: Can Nifty50 surpass 50 DMA? From market cues to important levels to what technical charts suggest

The US rate markets have responded very aggressively. So nominal rates, real rates in the US have jumped to very hawkish Fedspeak. The 10-year in the US is now at 2.29 percent, the 5-year is at 2.32 percent.

Watch the accompanying video of CNBC-TV18’s Prashant Nair for more details.

Catch all stock market updates here

First Published:Mar 22, 2022 8:54 AM IST

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