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  • Price of crude oil staying above $59

  • Boeing (BA) weighs on the major market indices

  • Federal Reserve policy statement due on Wednesday

March 18, 2019

If At First You Don't Succeed

The market’s gain last week came alongside mixed economic data. Data on industrial production, and the plant operating rate were weaker than anticipated and the Empire State Index from New York Federal Reserve office at 3.7 was substantially lower than expected and 5.1 points below the prior month to its lowest level since May 2017. The new orders index fell five points to 3.0 and the shipments index declined three points to 7.7, the lowest reading in more than two years.

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