Dow, S&P Cool Off Ahead of Christmas

The Nasdaq, on the other hand, grabbed its 10th consecutive win

by Lillian Currens

Published on Dec 24, 2019 at 1:32 PM
Updated on Dec 24, 2019 at 1:37 PM

Following a morning of solid gains, the Dow wound up reversing direction to close the shortened Christmas Eve session modestly lower. The S&P also slipped, with both indexes coming off yesterday's record highs. The Nasdaq, however, clocked a 10th consecutive win and hit fresh highs, despite rather muted price action all around. Looking ahead, markets will be closed tomorrow for the Christmas holiday.

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

  • This red-hot chip stock could keep surging, according to one analyst. 
  • The energy stock that could start 2020 with a bang. 
  • Plus, MBOT stock keeps surging; the bear signal flashing for UBER; and the software stock for options bulls. 

The Dow Jones Industrial Average (DJI - 28,515.45) lost 36.1 points, or 0.1%. Fourteen of the 30 components ended higher. Home Depot (HD) took the lead on a 0.6% win, while Boeing (BA) sunk to the bottom after shedding 1.3%.

The S&P 500 Index (SPX - 3,223.38) settled 0.6 points, or 0.02%, lower, while the Nasdaq Composite (IXIC - 8,952.88) climbed 7.2 points, or 0.1%. 

The Cboe Volatility Index (VIX - 12.67) rose 0.06 point, or 0.5%.

Closing Indexes Summary Dec 24

NYSE and Nasdaq Stats Dec 24

5 Items on Our Radar Today

  1. According to the Harvard Law School rollback tracker, President Donald Trump has made efforts to roll back at least 80 different environmental regulations, which has included easing regulations on methane emissions and the Endangered Species Act. This number marks a historically unprecedented amount, while the Trump administration sees these rollbacks as a way to boost major U.S. industries, including fossil fuel companies. (CNBC)
  2. With protests still raging in Hong Kong, police have firrf tear gas into a crowd of protesters near a shopping and tourism district. One person was injured during the chaos, after falling from the second floor to the first floor of a shopping mall. (Reuters)
  3. The surgical robotics breakthrough that pushed MBOT stock higher. 
  4. UBER stock's rally could be short lived, is history is any indicator. 
  5. The software stock options bulls might want to snap up before the new year. 

There are no earnings of note today.

Unusual Options Activity Dec 24

Gold Nabs Seven-Week High During Christmas Eve Session

Oil traded higher after the Organization of the Petroleum Exporting Countries (OPEC) and Russia agreed to continue cooperating on supply cuts. February-dated crude futures were last seen up 8 cents, or 0.1%, at $60.52 per barrel.

Gold once again move higher, surging atop the $1,500 level, and hitting a seven-week high as investors eyed weaker equity markets, and yesterday's disappointing economic data in the U.S. February gold futures settled up $16.10, or 1.1%, to end at $1,504.08 an ounce. 


A Schaeffer's exclusive

11 Stocks to Buy Before Leap Day

Access your FREE insider report before it's too late!


 
 

Partnercenter


NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories


Why One Investor Is Betting $523,111 on This 1 Stock
This small, California-based company is pioneering breakthrough technology that is enabling companies to move vast quantities of data over the Internet at lightning speeds.
Coronavirus Drags Wall Street Into The Red
The coronavirus outbreak is starting to impact company's earnings reports
Fitbit Stock Shocks Wall Street
FIT has surged 111% over the past six months
Why One Investor Is Betting $523,111 on This 1 Stock
This small, California-based company is pioneering breakthrough technology that is enabling companies to move vast quantities of data over the Internet at lightning speeds.