Dow | 10545.41 | -1.67 | (-0.02%) |
Nasdaq | 2288.40 | -2.68 | (-0.12%) |
SP 500 | 1126.20 | -1.58 | (-0.14%) |
10-yr Note | +9/32 | 3.80% | |
NYSE | Adv 1482 | Dec 1525 | Vol 638 mln |
Nasdaq | Adv 1315 | Dec 1358 | Vol 1.19 bln |
The S&P 500 saw an end to its recent gains today. After staring off in positive terriroty a stronger dollar pushed the market into negative terriroty for the day.
Consumer discretionary stocks (+0.2%), industrial stocks (+0.2%), and consumer staples stocks (+0.1%) were the only major sectors to net gains today. Energy stocks had the weakest showing and fell to a -0.7%. The sector's weakness came even though oil prices managed to muster a fractional gain and close pit trade at $78.02 per barrel.
The October Case-Shiller Composite was down -7.28% year-over-year vs. the -7.20% consensus. No area in the 20 city index posted a year-over-year gain in home prices for the 19th straight month.
A more upbeat outlook on jobs pushed confidence in the economy higher in December for the second month in a row. Consumers' expectations for the job market over the next six months reached their highest level in two years. The Conference Board said its Consumer Confidence Index rose to 52.9, up from a revised 50.6 in November, but the reading is still far short of the 90 that would signify a solid economy.
Results from a $42 billion auction of five-year Treasuries caused little stir among both stocks and Treasuries. The auction was met with a bid-to-cover ratio of 2.6, which is above this year's average ratio of 2.3, but below the previous auction's ratio of 2.8. The benchmark 10-year Note was able to make its way higher into the close and finish with a gain of nine ticks, though. That put its yield back near 3.80%.
Advancing Sectors: Consumer Discretionary (+0.2%), Industrials (+0.2%), Consumer Staples (+0.1%)
Declining Sectors: Energy (-0.7%), Financials (-0.4%), Health Care (-0.2%), Materials (-0.1%), Utilities (-0.1%), Tech (-0.1%)
Unchanged: Telecom
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