Stocks Fall for Fourth-Straight Day

The VIX fell for a second straight day

Deputy Editor
Dec 19, 2022 at 4:27 PM
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In what seems like a pattern this month, stocks reversed their modest gains from the morning to finish lower. The Dow finished 162 points lower, while the S&P 500 and Nasdaq finished deep in the red as well, with all three benchmarks securing their fourth-straight losses. Yet again though, Wall Street's "fear gauge" -- the Cboe Volatility Index (VIX) -- fell lower, logging its second-straight drop. 

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

  • Options bears eye CarMax stock ahead of earnings. 
  • Pharmaceutical stock soars on trial data. 
  • Plus, WMG's bull notes; MESA switches airlines; and TSLA's Twitter troubles. 

Closing Indexes Summary Dec 19

NYSE and Nasdaq Stats Dec 19

5 Things to Know Today 

  1. Ukraine was the subject of a drone attack by Russia on Monday, in what was described as one of the "biggest assaults on Kyiv" since the war started. (MarketWatch)
  2. Epic Games, the creator of "Fortnite," will pay $520 million to settle allegations of privacy violations. (Reuters)
  3. Analysts praise Warner Music Group stock. 
  4. The penny stock surging after airline switch. 
  5. TSLA is in the spotlight amid the latest Twitter drama

There were no earnings of note today.

Unusual Options Activity Table Dec 19

Oil Prices Continue Rise

Oil prices rose following last week's nearly 5% gain. West Texas Intermediate (WTI) crude for January delivery added $1.18, or 1.6%, to settle at $75.47 a barrel. 

Fresh off a weekly loss, gold prices finished lower for the day. February-dated gold fell $2.50, or 0.1%, to settle at $1,787.70 per ounce.  


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