Stocks Reverse Course In Final Hour

The Dow was down over 600 points at its session lows before ending higher

Managing Editor
Dec 27, 2018 at 4:37 PM
facebook X logo linkedin

Stocks finished higher in an eleventh-hour scramble today, as Wall Street continued its violent bout of volatility in the aftermath of yesterday's biggest Dow point gain ever. The Dow finished 260 points in the black -- well off its 611-point intraday decline -- despite a drop in consumer confidence and geopolitical drama out of China that sparked early anxiety among investors. Elsewhere, the partial federal government shutdown drags on, with President Donald Trump and Democrats refusing to budge on their border security positions. 

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

  • Waste Management stock just flashed a trusty "buy" signal.
  • Snake-bitten Nvidia stock slapped with another bear note. 
  • Plus, a Cowen top pick's can't-miss chart; Visa buys a British firm; and gold gains again.

The Dow Jones Industrial Average (DJI - 23,138.82) closed the day up 260.4 points, or 1.1%.  Of the 30 Dow components, 28 finished higher, led by a gain of 2.4% for 3M (MMM). Apple (AAPL) paced the two decliners with a 0.7% drop.

The S&P 500 Index (SPX - 2,488.83) climbed 21.1 points, or about 0.9%. The Nasdaq Composite (IXIC - 6,579.49) advanced 25.1 points, or 0.4%.

The Cboe Volatility Index (VIX - 29.96) ended the day lower, down 0.5 point, or 1.5%. Earlier, the VIX traded as high as 33.80.

closing indexes summary december 27

nyse and nasdaq stats december 27

5 Items on our Radar Today

  1. The U.S. and China have agreed to hold face-to-face trade discussions in January, as reported by China's commerce ministry. The two global superpowers have been at odds for the better half of a year over tariff and trade disputes. The two sides last met in person on Dec. 1 at the G-20 summit in Argentina. (Reuters)
  2. Beginning in early 2019, Apple (AAPL) will assemble its top-end iPhone X in Southern India through Foxconn. The decision limits the impact of iPhone assembly in China amid a terse trade war with the U.S. (Reuters)
  3. This Cowen top pick just flashed a "buy" signal.
  4. BofA-Merrill Lynch thinks this energy stock has hit bottom.
  5. Visa stock was in the spotlight on M&A news.

There are no earnings to report.

unusual options activity december 27

Data courtesy of Trade-Alert

Oil Pulls Back; Gold Logs Third Straight Gain

Oil futures ended lower, tracking earlier losses in U.S. stocks. February-dated crude futures finished down $1.61, or 3.5%, at $44.61 per barrel, its fourth loss in the past five sessions.

Gold futures finished higher for a third straight gain, as the demand for a safe-haven asset remains strong amid rampant stock market volatility. February-dated gold futures added $8.10, or 0.6%, to settle at $1,281.10 an ounce.


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