The stock market breaks though its afternoon trading range, hitting
session highs in a broad-based move. The S&P 500 is approaching
the 4% mark.
At the same time, crude prices hit session highs, up 4.9% to $101.01
per barrel. Crude traded down as much as 3.1% at $93.36 per barrel in
early trade.
Third Quarter Performance Review: Of the 83 primary equity indices
worldwide, only seven are posting a gain this quarter. The S&P 500
is down 9%, making the U.S. the 24th best performing market. Leading
the way is Botswana's Gaborone Index (+18%) and the Ho Chi Minh Stock
Index (+14%). The worst performing indices are the Ukraine's PFTS
Index (-52%) and Russia's RTS Index (-47%). London's FTSE is down
13%, Japan's Nikkei is down 16% and Hong Kong's Hang Seng is down 18%