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BUSINESSThursday 11 February 2016

Early rally in stocks mostly gone by closing bell

Long-term rentals ALEX VEIGA ber of rate hikes in 2016, sent stocks higher early on At the same time, she cau-
AP Business Writer that would have been and sustained them until tioned that global weak-
Cozy villa in Noord with pool The Federal Reserve’s lat- troublesome.” the last-minute slide as oil ness and falling financial
and great view! | | USD est signals on interest rates The Dow fell 99.64 points, or prices closed lower. markets could depress
3500.00 | Quick Code: 016720 gave U.S. stocks a lift for 0.6 percent, to 15,914.74. Benchmark U.S. crude fell the U.S. economy’s growth.
| much of Wednesday, but
the rally didn’t last. Trader Jonathan Corpina works on the floor of the New York Stock Exchange. The Federal Re-
2 bedroom Apartments in noord A sell-off in the final min- serve’s latest signals on interest rates gave U.S. stocks a lift for much of Wednesday, but the rally
| 2 bedroom apartment utes of trading knocked didn’t last.
including : CABLE / GAS / the Dow Jones industrial
INTERNET | Afl. 1800.00 | average and the Standard (AP Photo/Richard Drew)
Quick Code: 017641 | & Poor’s 500 index slightly
into the red. The average is now down 49 cents, or 1.8 percent, to That would, in turn, slow the
3 Bedroom furnished home for The slide extended a 8.7 percent this year. The close at $27.45 a barrel in pace of Fed interest rate
rent | Panoramic views from three-day losing streak for S&P 500 index slipped 0.35 New York. Brent crude, a hikes, she said.
the 2nd floor deck. This 3 the two indexes. Only the point, or 0.02 percent, to benchmark for internation- Yellen also made clear that
bedroom 2 bath Suriname style Nasdaq composite held its 1,851.86. The index is off 9.4 al oils, rose 52 cents, or 1.7 the central bank won’t like-
home is fully furnished. Fenced course, carving out a slight percent this year. percent, to close at $30.84 ly find it necessary to cut
garden. Alarm, hot water, a/c gain. The Nasdaq added 14.83 a barrel in London. rates after having raised
throughout. $1700.00 per Materials and energy points, or 0.4 percent, to Yellen offered no major sur- them from record lows in
month includes garden stocks were among the 4,283.59. The gain helped prises in prepared remarks December.
maintenance and alarm biggest decliners as U.S. trim the Nasdaq’s losses for released before the start of Since the Fed decided to
monitoring. Excludes utilities. | crude oil prices declined the year, which stand at her two-day Congressional raise its key interest rate
USD 1700.00 | Quick Code: again. 14.5 percent. testimony. She reiterated from a record low in De-
06468 | Investors were mostly fo- Investors appeared to be the Fed’s confidence that cember, the U.S. economy
cused on Fed Chair Ja- in a buying mood early in the U.S. economy was on has hit some turbulence
For sale net Yellen’s remarks on the day in anticipation of track for stronger growth and markets have be-
the economy and interest Yellen’s testimony. That and a rebound in inflation. come volatile. q
For sale Villa Esmeralda 65 | | rates as she delivered her
Afl. 1100040.00 | Quick Code: semiannual report to Con-
012862 | gress.
The market has been anx-
CASA Jaburibari | REDUCED ious about the possibility of
PRICE!!!!!! Beautiful very well interest rate hikes at a time
maintained house, at the north when the global economy
side area of Aruba in a very is showing signs of slowing.
quiet and friendly But Yellen’s remarks ad-
neighborhood. Built-up area is dressed investors’ con-
185 m2. The house has 3 cerns, said Erik Davidson,
bedrooms, 2 bathrooms, a chief investment officer for
kitchen, a large living /dining Wells Fargo Private Bank.
room with high ceilings, which “The markets have gotten
gives this house a special the message that the Fed
design. Big covered porch on is not on autopilot,” David-
both sides of the house and son said. “If they’d gotten
nice landscaping. See for more the sense that the Fed was
house for sale our website: on autopilot and was pre-
www.aruba-realty.com | USD destined to a certain num-
187500.00 | Quick Code:
04628 |

CASA Rooi Koochi | This
beautiful house is located in
Rooi Koochi Residence West
Aruba, Savaneta. A very
friendly and quiet
neighborhood. Just 10 minutes
away from Oranjestad. It is
very private and you will feel
extra safe. The property is
Private Property land (
Eigendom ) consists of 1346
m2. | USD 443500.00 | Quick
Code: 04633 |

For sale Tanki Leendert #76 | |
USD 250000.00 | Tel. 5939177
| Quick Code: 011036 |

Celsiusstraat 30 | Home with great
potential for sale in Oranjestad,
Aruba. Spacious rooms, garage
and yard. Estate consists of 3
bedrooms, 3 bathrooms, a guest
room with own bathroom and a
storage area. Home needs some
repair and renovation | Afl.
354000.00 | Quick Code: 08019 |

Montaña Plaza 229 | | Afl.
350460.00 | Quick Code: 012417 |

Catiri 21 Family House with two
apartments! | | Afl. 599000.00 |
Quick Code: 016599 |