The U.S stock market started the week on a positive note, ending the session with mild gains. Even though the intraday session was characterized by choppy trading, the indices received a boost towards the end of the session, backed by individual stocks from the housing sector.

Positive sentiment already came during morning hours, as China stated that its growth could reach 10% by next year.

The U.S stock market presented another disappointing session as economic data and news headlines weighed on the intraday session. The start of the session was characterized by a major drop as U.S traders were influenced by the Asian and European markets. The FTSE for example, finished the session with a loss of -1.65%, just above its 50 day moving average.

The last couple of trading days have presented extreme volatility as various news events have hit headlines. The VIX ( volatility index) has bamboozed traders as the index has jumped, only to retrace back down to lower levels.