Tuesday's Market Recap - Stocks End The Day Mixed, But A Record Performance For Year.
What is The Premarket Telling Us?
8:20 AM.
On the final trading day of the 2019, US stock futures are mostly unchanged. Dow futures are down 3 points, Nasdaq futures down 6.75 points, and the S&P futures down 0.75 point (a fraction).
On The Bond Desk:
The US 10 Year Bond Yield at 1.90%, up 0.03%.
Currency Desk:
Euro dollar: 1.12
UK Pound: 1.32
Crude Oil:
WTI crude oil futures at $62.21/barrel, down 0.76%.
On the Earnings Calendar:
None.
In M&A News:
None.
What About The Asian And European Markets?
Major Asian markets. Japan (Nikkei 225) down 0.76%, Shanghai up 0.33%, Hong Kong (Hang Seng) down 0.46%.
Major European markets. German (DAX) down 0.66%, France CAC 40 down 0.07%, London FTSE 100 %
Market And Sector Dynamics
Markets started the final day of trading modestly lower. The Dow fell 18 points, Nasdaq fell 14 points, and the S&P fell 2 points. In a chart similar to yesterday's session, markets fell lower during the morning session, bounced off the morning low in the early afternoon, but lost those gains, in the final two hours of trading.
Despite the negative tone, all eleven S&P sector closed the day with moderate to modest gains, led by Basic Materials, Real Estate, Energy, Utilities, Technology, Healthcare, Financials, and Communication Services.
Factors Influencing Today's Market
Consumer Confidence Index for December came in at 126.5 vs 128 expected.
WTI Crude Oil price closed at $61.06/barrel, down 1.01%.
US 10 Year Bond Yield closed at 1.919%, up 1.75%.
Major Asian market were lower, but Shanghai was higher.
European market closed lower in their sessions.
Market Close Volume Traded And Advance Decline Ratio
At the end of trading stocks were mixed. The Dow lost 106.82 points, Nasdaq gained 26.61 points, and the S&P added 9.49 points. Total NYSE volume traded, a modest 2.97 billion shares. Advancing shares outpaced Declining shares by 1.83:1.
Data Sources: Bloomberg, CNBC, CNN Money, Google Finance, Market Watch, TD Ameritrade, Yahoo Finance.
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