Stock Market Update for Wednesday, December 6th, 2017
Compared to the last few trading sessions it was a boring day.
The major indices kicked off the session slightly lower and finished the day mixed.
The NASDAQ was higher today even though Apple (AAPL) finished with its 4th loss in a row.
On the news front, there wasn't a whole lot going on. But President Trump declaring Jerusalem the capital of Israel has led to protests in the Middle East.
Here's where the major indices ended the day:
- The S&P finished flat. Down less than a point, the S&P ended at 2,629.
- The DOW ended with a 0.2% loss. Dropping 40 points, the DOW closed at 24,141.
- The NASDAQ was up 0.2%. With a 14 point gain, the NASDAQ finished at 6,776.
Crude Oil (CL) opened lower and continued to slide after today's inventory report. Crude Oil Inventories showed a 5.6 million barrel decline compared the 3.2 million barrel decrease that was expected. Ending the day at $55.95 with a 2.9% loss, today's drop was the biggest one day decline in almost 3 months.
Banks struggled today after the CEO of Citigroup (C) said that revenues could be hit by as much as $20 billion next year due to tax reform. Citigroup finished 1.4% lower on the day.
Bitcoin cracked $13,000 today with speculators betting that Bitcoin futures will lead the cryptocurrency higher. Bitcoin futures will begin trading on Sunday night.
Tomorrow's calendar is pretty quiet with Unemployment Claims will be out at 8:30am ET.
Real Time Economic Calendar provided by Investing.com.
This Stock Market Update was provided by Rockwell Trading Services LLC.