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Claman on Call

Markets Close Lower, Dollar Boosted by Yellen Comments

Claman on CallFOXBusiness

Markets close lower, dollar boosted by Yellen comments

Claman on Call: FBN’s Liz Claman with an after-hours web exclusive on the markets, ‘FANG’ stocks and the U.S. dollar.

A horrific shooting in California gripped the nation as well as the markets. The first reports of the breaking situation in San Bernardino drove stocks even deeper into the red.

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The Dow was already losing more than 100 points, and sank to a loss of 158 points by market close. The S&P fell 23 points and the Nasdaq lost 33 points.

A small bright spot in Wednesday's markets was the four stocks that make up the FANG group -- Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX) and Google/Alphabet (NASDAQ:GOOGL) -- are all poised to end the year with healthy double digit gains. Facebook and Amazon hit lifetime highs Wednesday!

This, as Barclays (NYSE:BCS) released a note predicting FANG stocks, with the exception of Netflix, will continue their rally into 2016.

Oil saw its biggest drop since October 12, falling 4.5% to close at $39.34. That's the first time it's closed below $40 dollars since August 26.

The dollar also had a huge day; the dollar index, which tracks the greenback against a basket of six other currencies, touched its highest level in 12-and-a-half years as expectations for a Fed rate hike rose after Chairwoman Janet Yellen spoke.

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