Monday, 21 March 2016

US MARKET NEWS 22 MARCH 2016

The Dow Jones industrial average closed up 21.57 points, or 0.12 percent, to 17,623.87, the S&P 500 gained 2.02 points, or 0.1 percent, to 2,051.6 and the Nasdaq Composite had added 13.23 points, or 0.28 percent, to 4,808.87.
Crude prices edged up as data showed a drawdown at the Cushing, Oklahoma, delivery hub for US crude and ahead of front-month contract expiry in US crude futures.

Valeant shares closed up 7.4 percent to USD 28.98 after it announced the departure of its chief executive officer, and said billionaire investor Bill Ackman had joined its board, as it tries to cleans up accounting problems and save its business. US-listed shares of the beleaguered drugmaker were one of the day's most actively traded.


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