Stock Market Update Tuesday, January 8th, 2019
The major indices have made a decent comeback since getting hammered last Thursday. And today stocks finished higher for 3rd day straight!
Stocks were up at the open and continued to rally in the first 15 minutes of trading. But after hitting session highs the S&P dropped 30 points and dipped into negative territory for the day.
Right around 11am stocks reversed course again. But this time the rally would last. And after a slow steady move higher in the afternoon, the major indices finished the session with gains.
Here's where the major indices ended the day:
- The S&P finished with a 1.0% gain. Up 25 points, the S&P ended at 2,574.
- The DOW ended higher by 1.1%. Adding 256 points, the DOW closed at 23,787.
- The NASDAQ was up 1.1%. With a 74 point gain, the NASDAQ finished at 6,897.
- Bitcoin finished higher by 1.3%. Up $50, Bitcoin ended at $4,035.
Crude Oil (CL) finished higher for the 7th day straight. Up 1.2%, CL ended at $48.47 a barrel.
Trade talks with China seem to be going well. The two countries have decided to meet tomorrow for an unscheduled 3rd day of talks.
Boeing (BA) was up 3.8% today. The rally came after a strong 4th quarter resulted in a record 806 commercial airplanes being delivered for the year.
Harley Davidson (HOG) is getting in the electric vehicle business with a $29,799 electric bike. The bike has a 110 mile city range and will be available for pre-order in August. The stock ended the day with a 2.0% gain.
Here is the economic calendar for the week:
Real Time Economic Calendar provided by Investing.com.
This Stock Market Update was provided by Rockwell Trading Services LLC.