Dow Jones Industrial Average Retreats; RUT Snaps Longest Win Streak Since '96

Following a third straight weekly win, the Dow Jones Industrial Average (DJIA) pulled back from record-high territory on Cyber Monday, while the Russell 2000 Index (RUT) snapped its longest daily winning streak since 1996. The broad-market retreat shouldn't be too surprising, considering stocks were "overbought" heading into today's trading. And amid a bare economic calendar, financial shares lagged, while energy stocks outperformed ahead of a key Organization of the Petroleum Exporting Countries (OPEC) meeting. Looking ahead, Wall Street will get an onslaught of data to mull over as the week wears on, culminating in Friday's all-important jobs report.

Continue reading for more on today's market, including:

• 7 key levels to watch on the SPDR S&P Retail ETF (XRT), courtesy of Schaeffer's Senior V.P. of Research Todd Salamone.
• 2 cruise stocks that sat out the Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA) Fidel Castro-inspired surge.
• How this options strategy looks to capitalize on rich premiums.
• Plus... 2 airline stocks spiraling on Cuba concerns, Apple's latest innovation, and Elliott Management sent this tech issue soaring.
  

The Dow Jones Industrial Average (DJIA - 19,097.90) closed with a 54.2-point, or 0.3% loss, with Visa Inc's (NYSE:V) 1.3% drop leading 22 Dow components lower. McDonald's Corporation (NYSE:MCD), meanwhile, paced the eight advancers with its 1% gain.

The S&P 500 Index (SPX - 2,201.72) gave back 11.6 points, or 0.5%, but found support atop the round 2,200 mark. Elsewhere, the Nasdaq Composite (COMP - 5,368.81) shed 30.1 points, or 0.6%.

The CBOE Volatility Index (VIX - 13.15) gained 0.8 point, or 6.6%, for its first close north of 13 since Nov. 17.

5 Items on Our Radar Today

1. According to Adobe Digital Insights, early reports suggest Cyber Monday sales will rise 9.4% year-over-year to $3.36 billion. Over the Thanksgiving holiday and Black Friday, online sales rose 18% from the previous year to $5.27 billion. (Reuters)
2. Morgan Stanley waxed optimistic on Alphabet Inc's (NASDAQ:GOOGL) Pixel business, saying the push to hardware is "one of the prime reasons to buy the company's stock." Additionally, the brokerage firm said GOOGL's smartphones are projected to increase sales by $4 billion next year, with Alphabet expected to sell 5.5 million phones in fiscal 2017. (MarketWatch)
3. Donald Trump's tweet over U.S.-Cuba trade relations weighed on these 2 airline stocks.
4. Reports of a curved glass iPhone screen did little to push Apple Inc. (NASDAQ:AAPL) through recent resistance.
5. Shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) soared after Elliott Management offered up a "value-enhancement plan" for the IT issue.

Data courtesy of Trade-Alert

Commodities:

Oil prices rose, as signs emerged that the several members of OPEC were pushing for a production cut ahead of Wednesday's meeting. At the close, crude for January delivery was up $1.02, or 2.2%, at $47.08 per barrel.

Gold futures snapped their two-session losing streak, as the U.S. dollar pulled back. By session's end, December-dated gold was up $12.40, or 1.1%, at $1,190.80 an ounce.