Dow Jones Industrial Average Rally Falls Just Short of 20,000

2 Energy Stocks for Bulls to Consider

Dec 20, 2016 at 4:25 PM
facebook X logo linkedin

The Dow Jones Industrial Average (DJIA) rallied once again, notching a fresh all-time high, and coming within 13 points of the critical 20,000 mark. While the Nasdaq Composite (COMP) also hit a record high of its own, the S&P 500 Index (SPX) came up short of a new milestone. Echoing a post-election trend, financial stocks led the way once again, though trading volume remained light across Wall Street ahead of the Christmas holiday. With little in the way of economic data or earnings releases -- save for tonight's quarterly report from blue chip Nike Inc (NYSE:NKE) -- stocks shrugged off yesterday's deadly attacks in Europe, as the push for Dow 20,000 continues. 
Continue reading for more on today's market, including:

The Dow Jones Industrial Average (DJIA - 19,974.62) gained 91.6 points, or 0.5%. Twenty-three Dow stocks ended higher, with the biggest jump of 1.8% coming from NKE. Merck & Co., Inc. (NYSE:MRK) was the biggest loser for a second straight day, falling 1%. 

The S&P 500 Index (SPX - 2,270.76) added 8.2 points, or 0.4%. The Nasdaq Composite (COMP - 5,483.94) rose 26.5 points, or 0.5%. 

The CBOE Volatility Index (VIX - 11.45) shed 0.3 point, or 2.2%. 

Indexes closing summary December 20
NYSE and Nasdaq December 20

5 Items on Our Radar Today

  1. The families of three people killed in the Pulse nightclub shooting in Orlando are suing Twitter Inc (NYSE:TWTR), Alphabet Inc (NASDAQ:GOOGL), and Facebook Inc (NASDAQ:FB). The families say the companies provided "material support" to the shooter, who pledged allegiance to the Islamic State. (Reuters)
  2. Walt Disney Co (NYSE:DIS) was one of six companies to do away with on-call scheduling for workers. Roughly 50,000 workers will be affected, but the National Retail Federation (NRF) is pushing back. (USA Today)
  3. Why Sony Corp (ADR) (NYSE:SNE) is on the brink of a holiday slide
  4. After BlackBerry Ltd (NASDAQ:BBRY) flirted with a post-earnings pop, the stock's price action eventually resolved lower -- with BBRY slumping 2.5%.
  5. How 2 tobacco giants got burned

Quarterly earnings December 20
Unusual options activity December 20
Data courtesy of Trade-Alert


Oil prices gained again today, their third straight up day. The now-expired January-dated crude futures added 11 cents, or 0.2%, to end at $52.23 per barrel. Crude for February delivery -- the new front-month contract -- tacked on 24 cents, or 0.5%, to close at $53.30 per barrel.

A strengthening dollar pressured gold prices today. Gold dated for February delivery lost $9.10, or 0.8%, to $1,133.60 per ounce. 

Stay on top of overnight news & big morning movers. Sign up now for Schaeffer's Opening View.

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI