FYI: U.S. stocks surged Wednesday, rebounding after a bruising four-session selloff put the Dow Jones Industrial Average and the S&P 500 on the brink of a bear market.
The blue-chip index climbed 1,086 points, or 4.9%, to 22303. The S&P 500 added 4.9% and the Nasdaq Composite rose 5.8%. All of the 11 sectors in the S&P 500 notched gains, led by the consumer-discretionary and technology groups that powered the index higher for much of the year.
Sales in the 2018 U.S. holiday shopping season rose 5.1 percent to over $850 billion, the strongest in six years, according to a Mastercard report. The S&P 500 retailing index .SPXRT jumped 5.4 percent, while shares of online retailer Amazon (AMZN.O), which touted a “record-breaking” season, climbed 6.9 percent.
The rally comes after the Dow industrials and the S&P 500 tumbled more than 2.5% Monday, their worst-ever performances on Christmas Eve. Markets were closed Tuesday for Christmas, and most European indexes remained shut Wednesday for Boxing Day.
The S&P 500 Sectors were in solid green numbers, led by Consumer Discretionary up 6.2%, Energy 6.2% and Technology 6.0%
Regards,
Ted
WSJ:
https://www.wsj.com/articles/u-s-stocks-poised-for-gains-11545827647Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2018-12-26/your-evening-briefingBloomberg:
https://www.bloomberg.com/news/articles/2018-12-25/futures-tip-gains-for-japan-shares-in-bear-market-markets-wrap?srnd=premiumMarketWatch:
https://www.marketwatch.com/story/us-stock-futures-lower-as-market-readies-to-reopen-after-christmas-eve-meltdown-2018-12-26/printIBD:
https://www.investors.com/market-trend/stock-market-today/stocks-surge-dow-soars-1086-points/Reuters:
https://www.reuters.com/article/us-global-markets/stocks-and-oil-rebound-after-pre-holiday-thumping-idUSKCN1OP01VCNBC:
https://www.cnbc.com/2018/12/26/us-futures-following-christmas-eve-plunge.htmlU.K.:
Boxing Day: (Closed)
Europe:
Boxing Day; (Closed)
Asia:
https://www.cnbc.com/2018/12/26/10-year-us-treasury-yield-hits-lowest-level-since-april-2018.htmlBonds:
https://www.cnbc.com/2018/12/26/10-year-us-treasury-yield-hits-lowest-level-since-april-2018.htmlCurrencies:
https://www.cnbc.com/2018/12/26/forex-markets-dollar-us-politics-the-fed-in-focus.htmlOil:
https://www.cnbc.com/2018/12/26/oil-markets-global-economy-in-focus.htmlGold
https://www.cnbc.com/2018/12/26/gold-markets-dollar-us-politics-global-economy-in-focus.htmlWSJ: Markets At A Glance:
https://markets.wsj.com/usMajor ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitorSPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-trackerSPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectorsCurrent Futures:
https://finviz.com/futures.ashx
