Stocks kicked off the new year with a bang today! 

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Stock Market Update Thursday, January 2nd, 2020

The major indices opened strong and then pulled back this morning. 

But after chopping around midday, stocks rallied in the afternoon and finished the day at session highs with new records.

The NASDAQ was the leader today, finishing back above the 9,000 mark with a 1.3% gain. It was the best 1-day gain for the NASDAQ since October 11th.

Here’s where the major indices ended the day:

  • The S&P finished with a 0.8% gain. Up 27 points, the S&P ended at 3,258.
  • The DOW ended higher by 1.2%. Adding 330 points, the DOW closed at 28,869.
  • The NASDAQ was up 1.3%. With a 120 point gain, the NASDAQ finished at 9,092.

Crude Oil (CL) traded lower in the morning but erased early losses after dipping below $61 and rallying. Up 0.2%, CL ended the day at $61.18.

Today’s tech rally included some big gains from companies like Advanced Micro Devices (AMD) up 7.1% and Micron (MU) up 3.0%.

And Apple (AAPL) got off to a great start this year with a 2.4% gain. Apple even hit $300/share for the first time ever.

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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