Dow, Nasdaq Log First Losses in 10 Days

Wall Street's frenetic rally took a breather today across the board

Deputy Editor
Dec 20, 2023 at 4:27 PM
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All good things must come to an end. Wall Street's seemingly endless rally finally took a breather today, as stocks turned sharply lower in the afternoon. Both the Dow and Nasdaq snapped their nine-day win streaks with steep triple-digit losses, with the blue-chip index ending its run of record closes. The S&P 500 finished firmly in the red as well, but remains a chip shot from its all-time highs. Elsewhere, U.S. treasury yields are still dropping, following hopeful inflation data out of the U.K. 

  • Options traders switching up sentiment on solar stock. 
  • Analyst sees M&A potential for Paramount next year. 
  • Plus, NDX reshuffling analysis; LOW downgraded; and postal stocks in the red. 

Summary 1220

NYSE Nasdaq 1220

 

5 Things to Know Today

    1. Is stock market sentiment shifting? VIX options trends says so. (Yahoo Finance)
    2. The leader of Hamas is in Egypt, reportedly in talks for a truce in Gaza. (Reuters)
    3. Stocks removed from the Nasdaq-100 tend to fare well. 
    4. Analyst pumps the brakes on Lowe's stock
    5. Logistics sector dinged by FedEx guidance

    Earnings 1220

    UVOL 1220

    Oil Prices Jump for 3 Straight

    Oil prices rose for the third-straight day amid amid attacks on shipping routes in the Red Sea. West Texas Intermediate (WTI) crude for January delivery rose 28 cents, or 0.4%, to settle at $74.22 a barrel.

    Gold prices fell amid strength in the U.S. dollar. February-dated gold futures fell $4.40, or 0.21%, to settle at $2,047.70 per ounce.

     

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