Dow adds 95 points, S&P, Nasdaq slip
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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 | 32237.53 | +132.28 | +0.41% |
| SP500 | S&P 500 | 3970.99 | +22.27 | +0.56% |
| I:COMP | NASDAQ COMPOSITE INDEX | 11823.960139 | +36.56 | +0.31% |
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. | 94.09 | -1.68 | -1.75% |
| BA | THE BOEING CO. | 197.53 | -0.37 | -0.19% |
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.
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| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| USO | UNITED STATES OIL FUND L.P. | 60.98 | +0.01 | +0.02% |
| XOM | EXXON MOBIL CORP. | 103.53 | +0.12 | +0.12% |
| CVX | CHEVRON CORP. | 155.99 | +1.54 | +1.00% |
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. | 160.25 | +1.32 | +0.83% |
| MSFT | MICROSOFT CORP. | 280.57 | +2.91 | +1.05% |
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. | 190.41 | -1.81 | -0.94% |
| NKLA | NIKOLA CORP. | 1.50 | +0.09 | +6.38% |
| LCID | LUCID GROUP INC. | 8.19 | 0.00 | 0.00% |
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. | 141.12 | +0.82 | +0.58% |
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. | 67.83 | +1.53 | +2.31% |
| BITO | PROSHARES TRUST BITCOIN STRATEGY ETF | 17.16 | -0.42 | -2.39% |
| BITQ | EXCHANGE TRADED CONCEPTS TRUST BITWISE CRYPTO INNOVATORS E | 5.35 | -0.19 | -3.43% |
Ethereum also tumbled in sympathy.