US markets closed higher on sharp gains in crude

03 Mar 2016 Evaluate

The US markets closed higher on Wednesday, building on the previous session’s advance, thanks to a jump in the energy sector following sharp gains in crude. Meanwhile, a key report about the US economy released offered a relatively somber take on the US economy, bolstering the view of many that the Federal Reserve will be slow to raise interest rates further this year. None of the 12 districts in the Federal Reserve’s Beige Book reported any dramatic improvement in conditions in the January-through-late-February reporting period. Growth was described as remaining modest or moderate in half of the districts. This was down from nine districts in the previous report. Three districts reported mixed activity while two others said growth was flat. Kansas City reported a modest decline in activity. The Beige Book showed no inflation pressure that could push the Fed to move. Wage growth varied from flat to strong across the country while consumer prices held steady. The findings come two weeks ahead of the Fed’s next policy committee meeting, on March 15-16. The Fed is widely expected to hold interest rates steady then to give itself more time to assess the impact of the stock-market selloff during the first seven weeks of 2016.

On the economy front, the private sector added 214,000 jobs in February, ADP reported, more than had expected and an acceleration from January’s revised gain of 193,000. According to ADP, small private-sector businesses added 76,000 jobs in February, medium-size businesses added 62,000 jobs and large businesses added 76,000. Most of those gains were in the service sector: 208,000 jobs added there, compared with 5,000 for goods producers. Manufacturing lost 9,000 jobs, the second-largest drop in five years.

The Dow Jones Industrial Average added 34.24 points or 0.20 percent to 16,899.32, the Nasdaq was up 13.82 points or 0.29 percent to 4,703.42 while, the S&P 500 gained 8.10 points or 0.41 percent to 1,986.45.

The Indian ADRs closed in green; HDFC Bank was up 1.10%, Dr. Reddy’s Lab was up 0.43%, Wipro was up 0.38%, Infosys was up 0.26% and ICICI Bank was up 0.20%.

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

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

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

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.