SEBI Reg. Investment Advisor

Download App
Help Center Pricing
Money Works 4 Me Logo MoneyWorks4Me
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up
  1. Home
  2. Stock Market News
  3. US markets closed lower as oil slump

US markets closed lower as oil slump

10 Sep 2015 Evaluate

The US markets closed lower on Wednesday, as downturn in crude-oil prices overshadowed hopes for new stimulus measures by China and Japan. Fretting about tightening monetary policy added to the downdraft as some investors read the job openings data as providing more fodder for the Fed to lift rates soon. The Federal Open Market Committee is set to hold its two-day policy meeting next week starting September 16, with the prospect of the first rate increase in nearly a decade looming. On the economy front, the number of job openings rose to 5.75 million, the highest level in at least 14 years. Despite the rise in job openings, hiring actually fell to 4.98 million from 5.18 million in June, as did the number of separations, which fell to 4.72 million from 4.91 million. The quits rate -- a measure of worker confidence -- stayed at 1.9% for the fourth month. The number of unemployed job seekers to job openings fell to 1.44 in July, from 1.56 in June, also the lowest level since 2000.

Meanwhile, spending on health care in the US rose 2.2% in the second quarter, more than offsetting a revised 0.5% decline in the first three months of the year. Higher health-care spending contributed to a 3.7% increase in US gross domestic product in the second quarter. Over the past year health spending has risen 6.7% pace, down from 7.1% in the first quarter. Hospital outlays rose 1% in the second quarter and they are up 8.1% in the past 12 months. Health care is the second biggest service sector by spending, with services accounting for much as four-fifths of all US economic activity.

The Dow Jones Industrial Average lost 239.11 points or 1.45 percent to 16,253.57, the Nasdaq was down by 55.40 points or 1.15 percent to 4,756.53 while, the S&P 500 dropped by 27.37 points or 1.39 percent to 1,942.04. 

The Indian ADRs ended mostly in red on Wednesday, Dr. Reddy’s Lab was down 1.11%, Wipro was down by 0.28%, Infosys was down 0.17% and ICICI Bank was down by 0.03%. On the other hand, Tata Motors was up 0.49%.


Register Now to get our Free Newsletter & much more!
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×