Dow adds 95 points, S&P, Nasdaq slip

Home Prices Jumped 18.4% Annually in October: Case-Shiller

U.S. stocks eased from record highs as investors wind down the final trading days of the year.

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 35911.81 -201.81 -0.56%
SP500 S&P 500 4662.85 +3.82 +0.08%
I:COMP NASDAQ COMPOSITE INDEX 14893.75271 +86.94 +0.59%

The S&P 500, which hit a fresh record earlier in the day, pulled back by 0.1%, as did the Nasdaq Composite which fell 0.5%. The Dow Jones Industrial Average gained over 95 points or 0.26% led by Disney and Boeing. 

Ticker Security Last Change Change %
DIS THE WALT DISNEY CO. 151.94 -3.50 -2.25%
BA THE BOEING CO. 225.96 +2.06 +0.92%

In economic data, the Case-Shiller Index rose 18.4%, the fifth-largest annual gain on record, with Phoenix, Tampa and Miami registering the biggest home price increases. 

Although oil crossed above the $76 per barrel level, energy stocks ended the session lower. 

THE CASE FOR $100 OIL IN 2022: PHIL FLYNN

Ticker Security Last Change Change %
USO UNITED STATES OIL FUND L.P. 59.97 +1.70 +2.92%
XOM EXXON MOBIL CORP. 71.87 +1.24 +1.76%
CVX CHEVRON CORP. 128.96 +2.16 +1.70%

Apple remains on the radar as it nears the $3 trillion in market value, the milestone would be a first for a U.S. company. Microsoft is the second company in the running to join the club. 

Separately, the retailer also announced New York City stores would operate with reduced services due to omicron. 

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Ticker Security Last Change Change %
AAPL APPLE INC. 173.07 +0.88 +0.51%
MSFT MICROSOFT CORP. 310.20 +5.40 +1.77%

Tesla got a bullish nod from Wedbush analyst Dan Ives.  "Tesla is in a clear position of strength heading into 2022 with an inflection point year ahead," he wrote adding the stock could rise as high as $1,800. Still, shares ended the session lower. 

Other electric-vehicle makers dipped. 

Ticker Security Last Change Change %
TSLA TESLA INC. 1,049.61 +18.05 +1.75%
NKLA NIKOLA CORP. 10.08 -0.12 -1.18%
LCID LUCID GROUP INC. 42.22 +0.81 +1.96%

Software maker F5 rose after Needham analysts coined the stock the "single best idea" for the coming year. 

Ticker Security Last Change Change %
FFIV F5 INC. 236.13 -0.25 -0.11%

Shares of Coinbase and related crypto currency exchange-traded funds were under pressure as Bitcoin fell back below the $50,000 level.

Ticker Security Last Change Change %
COIN COINBASE GLOBAL INC. 230.03 +1.80 +0.79%
BITO PROSHARES TRUST BITCOIN STRATEGY ETF 27.17 +0.21 +0.78%
BITQ EXCHANGE TRADED CONCEPTS TRUST BITWISE CRYPTO INNOVATORS E 19.18 +0.24 +1.27%

Ethereum also tumbled in sympathy.