Stock Market Update for Tuesday, February 13th, 2018
The major indices opened lower and traded sideways for most of the morning.
After the choppy morning, stocks finally got a boost in the afternoon. This rally lifted the major indices into positive territory, where they remained at the close.
Stocks finished higher for the 3rd day in a row. But we still have a ways to go to make up for last week’s losses.
With today’s gains, the S&P and DOW are almost back in positive territory for the year. The S&P is currently down 0.4% year-to-date and the DOW is down 0.3% this year.
Here’s where the major indices ended the day:
- The S&P finished with a 0.3% gain. Up 7 points, the S&P ended at 2,663.
- The DOW ended 0.2% higher. Adding 39 points, the DOW closed at 24,640.
- The NASDAQ was up 0.5% With a 32 point gain, the NASDAQ finished at 7,014.
- Bitcoin was down 2.1%. Losing $185, Bitcoin is trading at $8,623.
Crude Oil (CL) finished the day with losses. Down 0.5%, CL closed at $58.97 a barrel…which is the first close below $59 since December.
Under Armour (UAA) was up nicely after better than expected earnings. UAA ended the day with a 17.4% gain. And Amazon (AMZN) had a solid day as well, ending the session with a 2.0% gain.
Looking at the economic calendar, things pick up tomorrow. Tomorrow’s CPI report is getting a lot of attention since the Fed uses consumer prices to monitor inflation. The calendar features CPI Data and Retail Sales Data at 8:30am ET and Crude Oil Inventories at 10:30am ET.
Real Time Economic Calendar provided by Investing.com.
This Stock Market Update was provided by Rockwell Trading Services LLC.