Market Recap for Tuesday, September 12th, 2017
It looks like stocks are back to their record setting ways.
Stocks were higher as the U.S. session got under way. After trading sideways for most of the afternoon, stocks rallied into the close and the S&P finished with a new record high.
The DOW was also higher, finishing just 0.2% below its record from early August.
Although tech stocks struggled and even dipped into negative territory in the afternoon, the NASDAQ matched the S&P and DOW with a 0.3% gain. With today's close, the NASDAQ is just 0.1% away from its record high.
Here's where the major indices ended the day:
- The S&P finished with a 0.3% gain. Up 8 points, the S&P ended at 2,496.
- The DOW ended 0.3% higher. Adding 61 points, the DOW closed at 22,119.
- The NASDAQ was up 0.3%. With a 22 point gain, the NASDAQ finished at 6,454.
Today Apple (AAPL) unveiled the iPhone X, which Apple claims is "the future of the smartphone." The iPhone X (10) comes with a $999 price tag and is supposed to be thinner, lighter, and brighter. It also comes with facial recognition technology.
AAPL opened higher and rallied early afternoon. But AAPL eventually finished the day with a 0.4% loss.
Crude Oil (CL) finished higher for the 2nd day in a row. Up 0.3%, CL ended at $48.23 a barrel.
The economic calendar picks up a bit tomorrow with PPI Data at 8:30am ET, Crude Oil Inventories at 10:30am ET.
This Week's Economic Calendar
Real Time Economic Calendar provided by Investing.com.
Have a great trading week!