collected by :Dicson Walt
U.S. stocks meandered Thursday as major market indexes finished a touch higher even as small companies finished lower.
The Russell 2000 index of small-company stocks lost 5.92 points, or 0.4 percent, to 1,360.12.
On Thursday:The Standard & Poor’s 500 index edged up 1.89 points, or 0.1 percent, to 2,364.87.
The Russell 2000 is up 2.99 points, or 0.2 percent.
For the week:The S&P 500 is down 18.25 points, or 0.8 percent.
as declared in
Lower oil prices have the potential to take down the stock market
Trading oilThe exchange traded funds VelocityShares 3x Long Crude Oil ETN UWT, -5.11% VelocityShares 3x Inverse Crude Oil ETN DWT, +5.13% and ProShares UltraShort Bloomberg Crude Oil SCO, +3.54% are popular among traders.
There is a correlation between oil prices and the stock market, which was strongly evident several times in 2016.
• When oil prices fall, oil stocks fall.
Such a decrease would have the potential to take the stock market down with it.
However, if the past is any indication and if oil prices continue to fall, economists will start questioning demand.
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Surging stock market pushes U.S. household wealth to $93 trillion
Debt owed by households was $28.1 trillion – which combines household debt, mortgages and credit card balances.
WASHINGTON — The stock market’s rise to record levels fueled a big increase in U.S. household wealth in the final three months of last year, to almost $93 trillion.
Total household wealth, which includes checking and savings accounts and subtracts mortgages and other debt, jumped 2.3 percent to $92.8 trillion.
And younger Americans are less likely to be homeowners than previous generations, as renting increased following the bursting of the housing bubble.
The wealth gains could lead to more spending, lifting the economy, but the increases aren’t widely shared.