Dow Jones Industrial Average Ends Epic Year On a Down Day

3 Apple Suppliers Sink on iPhone Fears

Dec 30, 2016 at 4:29 PM
facebook X logo linkedin

The Dow Jones Industrial Average (DJIA) ended 2016 on a low note, falling for a third straight day and sliding further from the 20,000 level -- snapping its historic weekly win streak in the process. With trading volume again light, and another three-day holiday weekend approaching, the Nasdaq Composite (COMP) and S&P 500 Index (SPX) notched their third consecutive losses, as well. Still, U.S. stocks closed an erratic year with impressive gains, as the Dow's 13.4% advance marked its best annual performance since 2013. 
Continue reading for more on today's market, including:

The Dow Jones Industrial Average (DJIA - 19,762.60) fell 57.2 points, or 0.3%, for its third straight loss. Just five Dow components closed higher, led by 0.5% gains from JPMorgan Chase & Co. (NYSE:JPM) and Goldman Sachs Group Inc (NYSE:GS). Microsoft Corporation (NASDAQ:MSFT) fell 1.2% to pace the 25 losers. Despite losing 0.9% for the week, the Dow added 3.3% for the month, 7.9% for the quarter, and 13.4% for the year. 

The S&P 500 Index (SPX - 2,238.83) gave back 10.4 points, or 0.5%, while the Nasdaq Composite (COMP - 5,383.12) dropped 49 points, or 0.9%. The SPX dropped 1.1% this week, but closed the month up 1.8%, the quarter up 3.3%, and the year up 9.6%. The COMP closed the week down 1.5%, but settled the month, quarter, and year 1.1%, 1.3%, and 7.5% higher, respectively.

The CBOE Volatility Index (VIX - 14.04) rose 0.7 point, or 5%. The VIX lost 22.9% this year, but added 22.7% this week, 5.3% this month, and 5.6% for the quarter. 

Indexes closing summary December 30
NYSE and Nasdaq December 30

5 Items on Our Radar Today

  1. Russian leader Vladimir Putin said he will not suspend U.S. diplomats in response to President Obama's decision to expel 35 Russian officials on Thursday. Putin said he will instead wait until President-elect Donald Trump takes office to work out the issues. (Reuters)
  2. New York's iconic Carnegie Deli is closing its doors for good today. The restaurant has been open for 79 years, and has become a famous stop for tourists. (USA Today)
  3. Why analysts are taking the ax to these 2 biotech stocks
  4. Inside Allergan plc's (NYSE:AGN) huge week
  5. The travel stock to buy next week, if history is any guide.  

Unsuual options activity December 30
Data courtesy of Trade-Alert


Though they edged lower today, oil prices closed out their best year since 2009. February-dated crude futures ended the day down 5 cents, or 0.1%, at $53.72 per barrel. However, oil added 
1.3% for the week, 8.5% for the month, 11.4% for the quarter, and nearly 45% for the year -- its first annual gain since 2013. 

Gold edged lower, but still managed to snap its longest weekly losing streak in 12 years, which ended at seven weeks. Specifically, the February-dated contract shed $6.40, or 0.6%, to settle at $1,151.70 per ounce. Longer term, gold added 1.6% for the week, slid 1.9% for the month, dropped 12.4% for the quarter, and tacked on 9% for the year -- breaking a three-year losing streak. 

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