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9 Dec 2014
US stocks fight back and close at highs of the day but mixed
Wall Street recovered from early losses to close at session highs, but overall mixed day. The Nasdaq Composite ended positive on the day; however, the Dow was negative while the S&P was mostly flat.
Investors are digesting fears about global economy since oil dropped to 62.20 before rebounding to 63.80; Chinese Stocks market suffered its worst day in 5 years, while the Greek political turmoil pressured sentiment to the downside. However, small caps led the comeback as the Russell 2000 rallied 1.79% to finish the day at 1,188.06.
The Dow Jones declined 0.29% to 17,801.20; the S&P 500 closed 0.02% negative to 2,059.82; while the Nasdaq Composite advanced 0.54% to 4,766.46.
Sectors finished mixed for the day but an outstanding winner was posted on Tuesday: Information technology rallied 5.49%. Techs shares were followed by Energy (+0.73%), that took profit of crude oil rebound, and Utilities (+0.40%). Laggards were Telecommunications (-1.73%), Consumer staples (-0.55%) and Financials (-0.26%).
Big market caps top winners were: JD.com $JD (9.38%), Alibaba $BABA (2.29%) and Apple $AAPL (1.53%); Laggards were: China Life Insurance $LFC (-4.38%), Merk $MRK (-3.02%) and Verizon $VZ (-4.05%).
Volume was little above average with over 810M shares exchanged at the NYSE floor. Treasurys rose on the day with the 30-year bond up 0.48% and the 10-yr: +0.32%. Crude oil jumped 1.07% to $63.73 while the Gold rose 2.91% to $1,229.60.
Investors are digesting fears about global economy since oil dropped to 62.20 before rebounding to 63.80; Chinese Stocks market suffered its worst day in 5 years, while the Greek political turmoil pressured sentiment to the downside. However, small caps led the comeback as the Russell 2000 rallied 1.79% to finish the day at 1,188.06.
The Dow Jones declined 0.29% to 17,801.20; the S&P 500 closed 0.02% negative to 2,059.82; while the Nasdaq Composite advanced 0.54% to 4,766.46.
Sectors finished mixed for the day but an outstanding winner was posted on Tuesday: Information technology rallied 5.49%. Techs shares were followed by Energy (+0.73%), that took profit of crude oil rebound, and Utilities (+0.40%). Laggards were Telecommunications (-1.73%), Consumer staples (-0.55%) and Financials (-0.26%).
Big market caps top winners were: JD.com $JD (9.38%), Alibaba $BABA (2.29%) and Apple $AAPL (1.53%); Laggards were: China Life Insurance $LFC (-4.38%), Merk $MRK (-3.02%) and Verizon $VZ (-4.05%).
Volume was little above average with over 810M shares exchanged at the NYSE floor. Treasurys rose on the day with the 30-year bond up 0.48% and the 10-yr: +0.32%. Crude oil jumped 1.07% to $63.73 while the Gold rose 2.91% to $1,229.60.