Netflix up, but not much else going on

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Stock Market Update Tuesday, December 17th, 2019

Without a whole lot to move the markets, trading was quiet today.

After making record highs in the first 15 minutes of trading, the S&P traded sideways in the smallest trading range of the year (approximately 7 points).

Although the ranges were small, stocks managed to finish higher. And with today’s win, the S&P has closed higher for 5 straight days.

The NASDAQ and DOW failed to break through yesterday’s record highs but finished the day with new record closes.

Here’s where the major indices ended the day:

  • The S&P finished flat. Up just a point, the S&P ended at 3,193.
  • The DOW ended higher by 0.1%. Adding 31 points, the DOW closed at 28,267.
  • The NASDAQ was up 0.1%. With a 9 point gain, the NASDAQ finished at 8,823.

Crude Oil (CL) finished higher for the 4th day in a row today. Up 1.2%, CL ended the day at $60.90 with its highest close in 3 months.

Yesterday, Boeing (BA) traded lower over concerns that the company is cutting production of its 737 Max. This morning Boeing was down as much as 2.0% before bouncing back to finish the day flat.

Netflix (NFLX) was on the move today after the company shared strong growth numbers outside the U.S. Netflix finished the day with a 3.7% gain.

Today’s market movement, or lack thereof, isn’t much of surprise. After all, the S&P is up 1.6% this month and up 27.4% this year as we approach the holidays.

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.


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