Tuesday's Market Recap - Stocks Modestly Lower In Light Holiday Trading.

What is The Premarket Telling Us?

8:00 AM.

On the first day of trading after Christmas. US stock futures are moderately lower. Dow futures down 48 points, Nasdaq futures down 34 points, S&P futures down 1.25 point.

On The Bond Desk:

The US 10 year bond yield at 2.49%, up 0.04%, or four basis point.

Currency Desk:

Euro dollar at 1.18

UK Pound at 1.33

Crude Oil:

WTI crude oil futures at $58.45/barrel, down 0.03%.

On the Earnings Calendar:

None

In M&A News:

None

What About The Asian And European Markets?

Asian markets closed their session mixed. Japan (Nikkei 225) down 0.20%, Shanghai up 0.78%, Hong Kong (Hang Seng) gained 0.72%.

Major European markets close the day lower. Germany DAX down 0.28%, France CAC 40 down 0.39%. London and a few other markets are closed for the Boxing Day holiday.

Market And Sector Dynamics

US stocks opened lower, with the Dow down 31.97 points, Nasdaq fell 31.62 points, and the S&P lost 4.63 points. Trading volumes are lower, as many trading and other market participants are away for the Christmas Holiday.

Stock did push into positive territory during the morning session, but could not sustain that momentum, and fell back below the flat line, an hour before noon, remaining at that level for the rest of the session.

Seven of the eleven S&P sectors closed the trading day with modest gains, led by energy, basic materials, consumer non-cyclicals, and telecommunications services. Technology, financials, and healthcare were the main drag on markets.

Factors Influencing Today's Market

Crude oil close higher in today's session. WTI crude oil closed at $59.97/barrel, up 2.36%.

Holiday Retail Sales rose 4.9%, the largest increase since year 2011.

Asian markets close mixed, while some European stocks close lower.

Market Close Volume Traded And Advance Decline Ratio

At the end of trading markets were modestly lower. The Dow lost 7.85 points, Nasdaq gave up 23.71 points, and the S&P slipped 2.84 points. Total NYSE volume, 2.41 billion shares. Advancing shares outpaced Declining shares nearly 2:1.

Data Sources: Bloomberg, CNBC, CNN Money, Google Finance, Market Watch, TD Ameritrade, Yahoo Finance.