Tuesday's Market Recap - Investors Remain Extremely Cautious Ahead Of An Iranian Response.
What is The Premarket Telling Us?
7:00 AM.
US stock futures are mostly muted ahead of the start of trading. Dow futures up 6 points, Nasdaq futures up 19 points, and the S&P futures up a fraction 0.50 point.
On The Bond Desk:
The US 10 Year Bond Yield at 1.81%, up 0.02%.
Currency Desk:
Euro dollar: 1.11
UK Pound: 1.31
Crude Oil:
WTI crude oil futures at 62.73/barrel, up 0.85%.
On the Earnings Calendar:
None.
In M&A News:
None.
What About The Asian And European Markets?
Major Asian markets were positive. Japan (Nikkei 225) up added 1.60%, Shanghai 0.69%, Hong Kong (Hang Seng) up 0.34%.
Major European markets ended mixed. German (DAX) gained 0.76%, France CAC 40 0.02%, London FTSE 100 down 0.02%.
Market And Sector Dynamics
Stocks opened lower for the second trading session this week. The Dow gained 86 points, Nasdaq fell 4 points, and the S&P fell 8 points. WTI Crude oil price is lower early, at $62.61/barrel, down 1.06%.
Stocks remained negative for the entire session, periodically bouncing off the earlier lows from earlier in the morning, as the session progressed. Markets are anticipating a response from Iran, for the killing of General Soleimani.
Today's selloff was broad based, but sector decline was modest. All eleven S&P sectors fell modestly, led by Real Estate, Consumer Staples, Financials, Healthcare, Energy, Basic Materials, Utilities, and Consumer Discretionary.
Factors Influencing Today's Market
Retaliation from Iran still clouds the markets, keeping investors cautious.
Major Asian markets closed with gains, while Europe ended mixed.
WTI Crude Oil closed at $62.70/barrel, down 0.90%.
US 10 Year Bond Yield ended the day at 1.811%, up 0.11%.
December ISM Non-Manufacturing Index came in at 55.0 vs 54.50 estimated.
Market Close Volume Traded And Advance Decline Ratio
Markets closed moderately lower in today's session. The Dow lost 119.70 points, Nasdaq fell 2.88 points, and S&P fell 9.10 points. Total NYSE volume traded, a light 3.48 billion shares. Declining shares outpaced Advancing shares by 1.28:1.
Data Sources: Bloomberg, CNBC, CNN Money, Google Finance, Market Watch, TD Ameritrade, Yahoo Finance.
Comments