Tuesday's Market Recap - Dow Surges 567 Points, In A Volatile, Bottom Searching Session.

What is The Premarket Telling Us?

7:00 AM.

US stock index futures are down triple digits again, this morning, indicating markets will selloff when trading begins. Dow futures down 244 points, Nasdaq futures down 45.50 points, and S&P futures down 15 points.

On The Bond Desk:

US 10 year bond yield sits at 2.79%, down 0.06% or six basis points.

Currency Desk:

Euro dollar 1.23

UK Pound 1.39

Crude Oil:

WTI crude oil futures $63.59/barrel, down 0.87%

On the Earnings Calendar:

Disney reports 4 Qtr. Earning results after the closing bell this evening.

In M&A News:

None

What About The Asian And European Markets?

Major Asian markets were solidly lower. Japan (Nikkei 225) down 4.73%, Shanghai fell 3.35%, Hong Kong (Hang Seng) fell 5.12%.

Major European markets fell. Germany (DAX) down 2.32%, France CAC 40 down 2.35%, London FTSE 100 down 1.42%.

Market And Sector Dynamics

Stocks opened the trading day lower, with the Dow down plummeting 567 points, Nasdaq down 74 points, and S&P down 30 points. The VIX, the market's measure of volatility, shot up to near 50, before the open, as Dow index futures the jumped all over the place, from down 230 points to Dow 800 points.

Twenty minutes after the open the Dow recovered, and was up over 350 points. By 10:30 AM, stocks fell back into negative territory, Dow down 300 points. The volatility continued for the rest of the session, until around 3:00 PM, when stocks turned higher again, and continued to surge higher, into the close. The Dow covered a 1200 point range between negative and positive territory.

Nine of the eleven S&P sectors closed with gains today. Consumer goods, technology, basic materials, financials, industrials, and energy were the out-performers.

Factors Influencing Today's Market

• Market volatility continues to roil markets.

• Crude oil fell modestly in today's session. WTI crude oil closed $63.47/barrel, down 0.44%.

• Asian and European markets closed significantly lower, in sympathy with our selloff.

• December JOLTS report shows job openings down 2.8%, to 5.811 million

Market Close Volume Traded And Advance Decline Ratio

At the close of trading, the Dow rocketed up 567.02 points, Nasdaq jumped 148.36 points, and the S&P rose 46.20 points. Total NYSE volume traded, a heavy 5.79 billion shares. Advancing shares outpaced Declining shares just better than 2:1.

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