U.S. Stocks Fall as Oil Prices Drop; Private Sector Adds 214,000 Jobs
What a difference a day makes. After the best start to March in history for the S&P 500 on Tuesday, the markets opened slightly lower on Wednesday following a decline in oil prices. West Texas Intermediate is trading around $34 a barrel and lost steam after fresh data from the American Petroleum Institute showed a rise in U.S. crude inventories last week. 'We're at the top end of the range we've been in over the past few weeks and months,’ said Michael Hewson, chief market analyst at CMC Markets in London. ‘The key thing for me now is whether or not we're able to sustain those gains?’ Finally, Credit Suisse (CS) is out with its top tech stocks. First up, Facebook (FB) - the analysts have a $140 price target on the social media giant and expect revenue growth on the heels of its Instagram and premium video segment. As for Amazon (AMZN), Credit Suisse maintains an $800 price target and an outperform rating. It's now trading at about $580. Lastly, Alphabet (GOOGL): the analysts have a $930 price target and expect shares to see a boost amid growth from Google Play and YouTube. TheStreet’s Scott Gamm reports from Wall Street.
